SALE PRICE: $1,800,000 PRICE PER ROOM: $36,735 CAP RATE: 10.6% NOI (2016): $190,843 LOT SIZE: 2.13 Acres BUILDING SIZE: 20,458 SF Approx YEAR BUILT: 1982, Renovated ZONING: Commercial MARKET: Dallas/Fort Worth PROPERTY OVERVIEW Americas Best Value Inn is an 49-room, exterior corridor, two-story hotel located in Stephenville, Texas. This former Best Western hotel was built in 1982 on 2.2 acres and has undergone multiple renovations through the years. The most recent renovation was complete recently and around $200k was spend on major things around hotel, including replacing the new roof, new paint, 2 new boilers, dryers, etc. Hotel comes with a 2 room Owners/Manager's quarters. The hotel is offered with NO PIP to the new buyer. PROPERTY FEATURES 10.6% Cap Rate on 2016 actuals with a 25% Cash ROI for 2016 with 20% down at current commercial mortgage rates Based on 2016 revenue figures and annualized expenses, the hotel is currently operating slightly above 42 percent profit margin or a $190,843 NOI 2017 revenues of $468,961 are slightly better than 2016 revenues, therefore, cap rate and ROI will be stronger Home to Tarleton State University which is part of the A&M System with enrollment of over 14,500 students, staff and faculty members Newly renovated & positioned for continued revenue growth Property includes pool along many amenities for guest convenience Located one-hour southwest of Dallas/Fort Worth for easy access to
1625 W South Loop
POPULATION 1 MILE 3 MILES 5 MILES TOTAL POPULATION 2,328 14,992 21,071 MEDIAN AGE 30.2 28.2 27.7 MEDIAN AGE (MALE) 28.4 26.9 26.6 MEDIAN AGE (FEMALE) 33.6 30.6 29.6 HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES TOTAL HOUSEHOLDS 887 5,581 7,756 # OF PERSONS PER HH 2.6 2.7 2.7 AVERAGE HH INCOME $48,643 $46,800 $46,896 AVERAGE HOUSE VALUE $121,624 $129,215 $152,008 RACE 1 MILE 3 MILES 5 MILES % WHITE 86.7% 87.1% 87.3% % BLACK 2.3% 2.1% 1.9% % ASIAN 2.1% 1.5% 1.2% % HAWAIIAN 0.2% 0.1% 0.1% % INDIAN 0.2% 0.2% 0.2% % OTHER 6.4% 6.9% 7.4% ETHNICITY 1 MILE 3 MILES 5 MILES % HISPANIC 13.2% 15.1% 16.0% * Demographic data derived from 2010 US Census
Information About Brokerage Services Texas law requires all real estate license holders to give the following informaɵon about brokerage services to prospecɵve buyers, tenants, sellers and landlords. 11-2-2015 TYPES OF REAL ESTATE LICENSE HOLDERS:. A BROKER is responsible for all brokerage acɵviɵes, including acts performed by sales agents sponsored by the broker. A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker. A BROKER S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): Put the interests of the client above all others, including the broker s own interests; Inform the client of any material informaɵon about the property or transacɵon received by the broker; Answer the client s quesɵons and present any offer to or counter-offer from the client; and Treat all parɵes to a real estate transacɵon honestly and fairly. A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION: AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a wriʃen lisɵng to sell or property management agreement. An owner's agent must perform the broker s minimum duɵes above and must inform the owner of any material informaɵon about the property or transacɵon known by the agent, including informaɵon disclosed to the agent or subagent by the buyer or buyer s agent. AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a wriʃen representaɵon agreement. A buyer's agent must perform the broker s minimum duɵes above and must inform the buyer of any material informaɵon about the property or transacɵon known by the agent, including informaɵon disclosed to the agent by the seller or seller s agent. AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parɵes the broker must first obtain the wriʃen agreement of each party to the transacɵon. The wriʃen agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligaɵons as an intermediary. A broker who acts as an intermediary: Must treat all parɵes to the transacɵon imparɵally and fairly; May, with the parɵes' wriʃen consent, appoint a different license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the instrucɵons of each party to the transacɵon. Must not, unless specifically authorized in wriɵng to do so by the party, disclose: ᴑ that the owner will accept a price less than the wriʃen asking price; ᴑ ᴑ that the buyer/tenant will pay a price greater than the price submiʃed in a wriʃen offer; and any confidenɵal informaɵon or any other informaɵon that a party specifically instructs the broker in wriɵng not to disclose, unless required to do so by law. AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transacɵon without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: The broker s duɵes and responsibiliɵes to you, and your obligaɵons under the representaɵon agreement. Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated. LICENSE HOLDER CONTACT INFORMATION: This noɵce is being provided for informaɵon purposes. It does not create an obligaɵon for you to use the broker s services. Please acknowledge receipt of this noɵce below and retain a copy for your records. Keller Williams Realty City View 547594 legal@kwcityview.com Licensed Broker /Broker Firm Name or Primary Assumed Business Name License No. Email Phone Howard John Flournoy 127300 jflournoy@kw.com 210.853.0753 Designated Broker of Firm License No. Email Phone Jim McClung 332864 jmcclung@kw.com Licensed Supervisor of Sales Agent/ License No. Email Phone Associate Rav Singh 560351 ravsinghsa@gmail.com Sales Agent/Associate s Name License No. Email Phone Regulated by the Texas Real Estate Commission Buyer/Tenant/Seller/Landlord Initials Date InformaƟon available at www.trec.texas.gov IABS 1-0