Motel for sale 44 Room Independent - LoopNet...Motel for sale 44 Room Independent Your Logo or Name Here About Us DARKA KRSMANOVIC, CCIM ASSOCIATE Cell: 678-687-1460 [email protected]

20750 Whyte Hardee Boulevard

Hardeeville, SC

Motel for sale44 Room Independent

Your Logo or Name Here

About Us

DARKA KRSMANOVIC, CCIM

ASSOCIATE

Cell: 678-687-1460

[email protected]

New Century Assets & Realty, LLC specializes in commercial real estate for hotels and motels in South East USA, USA, Canada, and India. We provide service to our customers through analysis of market sector, franchise/flag, hotel properties and new hotel development, including prime land in major hotel markets. Our team is a professional team for investment properties with extensive and varied experience in business brokering, medical practices, MRI Centers, allied healthcare businesses and software. We are always enthusiastic and excel in areas others may feel intimidated.

New Century Assets & Realty, LLC has reached into all 50 states for commercial properties including but not limited to: hotels/motels, multi-family, shopping centers, bank owned assets, and office buildings. Our extensive skills and knowledge allow us to give you superior guidance when choosing your next investment. We provide guidance for EB5 investments to foreign investors.

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20750 Whyte Hardee Boulevard, Hardeeville, SC

VIJAY PANCHAL

CEO & BROKER

[email protected]

Licenses: 309711


TABLE OF CONTENTS

CONTENTS

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Property Overview 01.

Financial Overview02.

Pictures and maps03.

Local information04.

06. Infographics

07. About Area

08. Team

09. Confidentiality & Disclaimer


05. Traffic and Demographics


PROPERTY OVERVIEW

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• New Century Assets & Realty is pleased to present this Friendship Inn with 6 buildings. This property qualifies as easily accessible site. There is a total of 2.47 acres as well as 44 rooms and plenty of parking.

• Average daily traffic count of 50,900 with an average 5 year population growth of 2.41%.

• Only hotel in town with extended stay specialty. Largest and best building was closed in 2018 for remodel. Now open and represents upside for buyer to do marketing and raise occupancy.

• Great location close to I-95 interstate, first exit.

• New paint and carpet in most rooms. Replaced furniture in some rooms. Replaced 104 pillars and related structural woodwork holding up the porches and roofs on all buildings. However, it is suggested that additional cash is still needed towards completing renovations for the rest of the property.

• Property owner retiring after 20+ years of successful business with strong repeat business.

• Perfect opportunity for those looking to invest under 1,000,000 on a hotel property.


Offering summary

RENOVATIONPartial renovation

completed Jan 2019

LOT SIZE: 2.47 acres

COUNTY: Jasper


FINANCIAL OVERVIEW

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• After the successful 20 year run of this property, the performance of this property has demonstrated stable cash flow.

• Newly completed renovations allows for this property to experience a reasonable increase in cash flow, helping the owner of this property to experience an increase in profit.

• Under the dynamic marketing circumstance the properties Cap rate is nearly 16%

• Good option for an investor who has conservative strategies of pursuing a stable income and who is willing to pursue higher revenue by adding higher value to this property.


Financial Keys

2016 2017 2018

Revenues $230,701 $255,983 $246,679

Net

Operating

Income

$119,696 $127,307 $126,158


PROPERTY SNAPS

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PROPERTY SNAPS

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ECONOMIC DRIVERS IN LOCAL AREA

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Booming construction industry

Thriving tourism industry

The largest container port in the country

• 2 famous beaches nearby: Hilton Head Island and Tybee Island

• Downtown Savannah draws 14 million visitors per year; located 15 minutes away

• Savannah port drives regional growth and brings major companies to area

• Add’l port planned for the SC side

• City of Hardeeville projects to build nearly 30,000 homes over next 10 years

• Massive, luxury retirement communities in nearby Bluffton and Hilton Head


Rapidly growing area – 35,000+ residential units planned

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RiverPort – commercial and residential development planned to support new Jasper port

Commerce Park – light industrial park planned to support new Jasper port

Latitude Margaritaville -New luxury retirement community

Sun City – one of many luxury retirement communities

East Argent – planned luxury retirement community

Gateway Crossing –residential and commercial development


Population projected to grow 16% per year through 2028

10※ Infographics data within 3

miles radius


Source: City of Hardeeville, County of Jasper


LOCATION MAPS

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RETAILER & HOTEL MAP

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TRAFFIC IN AREA

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DEMOGRAPHICS

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ABOUT THE AREA

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Hardeeville city

Hardeeville is a city in Jasper and Beaufort counties in the U.S. state of South

Carolina. The population was 2,952 as of the 2010 census and was estimated to

be 5,967 in 2017. Hardeeville is included within the Hilton Head Island-Bluffton-

Beaufort, SC Metropolitan Statistical Area.

For many years, Hardeeville billed itself as the "Lowcountry Host" due to the

prevalence of lodging and traveler-oriented facilities along U.S. Highway 17 and

later Interstate 95. In recent years, the city has expanded its economic focus due

to high population growth. According to Census estimates, Hardeeville posted the

highest population growth rate of any municipality in South Carolina, growing

53.4 percent from 2010 to 2014.


Interstate-95

In the Carolinas, I-95 travels west of the coastal sections and indirectly serves

popular destinations such as the Outer Banks, Myrtle Beach, and Hilton Head via

various side routes. I-95 notably bypasses the major cities of Charleston and

Raleigh while intersecting major Interstate highways at Florence and Benson. I-

95 also passes the South of the Border attraction immediately before crossing

into North Carolina.

In North Carolina, I-95 informally serves as the separation between the state's

western piedmont and eastern coastal plain regions. Rocky Mount and

Fayetteville are the largest cities along I-95 in North Carolina. After Gaston, I-95

crosses into Virginia.


TEAM

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Darka Krismanovic

Cell: 678-687-1460

Email: [email protected]

Office address: Premiere Pkwy #200, Duluth, GA,

30097

Associate

Chaoyang Yu

Analyst

Cell: 678-667-6293


Office address: Premiere Pkwy #200, Duluth, GA,

30097


CEO & Broker

Vijay Panchal


Office address: 990 Peachtree Industrial Blvd,

Suwanee, GA 30024

Licenses: 309711

mailto:[email protected]




CONFIDENTIALITY & DISCLAIMER

This property is being marketed by New Century Assets & Realty, LLC (hereinafter “broker”) under an exclusive listing agreement signed by the owner. This document contains information relating to the property but is not intended to be inclusive of all information that may be required by a purchaser. Any financial information provided in this document is subject to change and, although obtained from sources we deem reliable, cannot be guaranteed as to its accuracy. All information regarding the property should be obtained by perspective purchasers through independent verification. Broker does not guarantee any of the information contained herein. This document is considered confidential and may only be delivered to persons approved by broker and/or owner. Anyone in possession of this document agrees that the contents of this document will be held in the strictest confidence. No portion of this document shall be copied, disclosed or reproduced without the priorwritten consent of broker.

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Motel for sale 44 Room Independent - LoopNet...Motel for sale 44 Room Independent Your Logo or Name Here About Us DARKA KRSMANOVIC, CCIM ASSOCIATE Cell: 678-687-1460 [email protected]