This 32 room motel comes with an 11 space RV park. It has been a consistent performer for the long-time owner, who wishes to retire. The net income is outstanding and at the list price the Cap Rate is 11%. The Cash-on-Cash return is 23.5% (assuming a 25% down payment)! A solid opportunity for a first-time owner or a group looking to expand their operations.
This 32 room independent motel and 11 space RV Park is located in Junction City, Kansas. Junction City is a town of 23,500, two hours east of the Kansas City metro area. It is near Fort Riley Military Installation. The long-time owner is retiring and has priced the property at $31,250/room. At the list price this offering is an 11 Cap Rate. The Cash-on-Cash return is 23.5% (assuming a down payment of 25%)!
The hotel consists of four exterior corridor buildings sitting on 1.7 acres with easy access to I-70. All rooms come with flat screen TV’s, a microwave and mini fridge. 20 units have kitchenettes and cater to a very strong extended-stay clientele. The RV Park consistently runs at an annual occupancy of 90%. There is also a very spacious living quarters on-site, with 4 bedrooms and recently remodeled kitchen.
Junction City has historically been a strong hospitality town, with these notable demand generators:
Fort Riley Military Installation
Kansas State University in nearby Manhattan, KS
Irwin Army Community Hospital
Foot Locker Distribution Center
If you are looking for an independent property with consistent revenue, outstanding cash flow and a great cash-on-cash return, please contact us today!