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.

Executive Summary

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!

Property Details

Address
820 S Washington St., Junction City, KS 66441
Price
$1,000,000 
Rooms
32  
Price Per Key
$31,250 
Property Type
Limited Service 
Revenue
$314,300 - 2020 
Website
 

Hotel Description

 

  • Historically consistent revenue
  • Outstanding net income – 11% Cap Rate at list price
  • Easy access to I-70
  • Strong hospitality market in town of 23,500
  • Nearby to Ft. Riley military base
  • NEW commercial washer & dryer
  • Newer Roof – 2015
  • Flat Screen TV’s
  • Mini fridges & microwaves
  • 20 Kitchenette Units – strong extended stay business
  • 11 space RV Park – consistently runs at 90% occupancy
  • Spacious 4-bedroom living quarters with remodeled full kitchen

Contact a Broker

Dave Jones

KS
Phone: 913-499-4725