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
- Milford Lake
- Flint Hills
- Foot Locker Distribution Center
- ConAgra Foods
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!