Contacts
Salman (Sam) Tabani
Tabani Realty
(972) 810-7729
Property Details
- Property Type Other
- Property Size 36,281 SF
- Units 80
- Lot Size 1.66 Acre
- Year Built 2006
- Year Renovated 2016
- Date Updated Mar 8, 2024
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Highlights
- Offered at 12.5% current cap rate. Proforma Cap Rate is valued at 13% or more.
- Offered at $53,750 per key, well below replacement cost.
- 26% Cash-On-Cash return
- Ideal size for owner-operator
- Owner Absentee property. Potential for a new operator to cut down on expenses and increase NOI.
- Currently operating at a 66% Occupancy and RevPAR Index compared to Compset. Perfect opportunity for an owner-operator to boost revenue and occupancy over time.
- New ownership may have to complete a new PIP. We are projecting an annual increase of 10% - 15% in topline revenue.
- Last Renovated in 2016
- 8 minutes from River Creek Golf Course
- 8 minutes from the Kiowa and Camanche Casinos
- Under 2 hour drive to Dallas-Fort Worth, Texas
Attachments
Getting around
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Walk Score ®
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Bike Score ®
Location
- City Burkburnett, TX
- Neighborhood Burkburnett
- Zip Code 76354
Points of Interest
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Alon
0.20 miles
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Exxon
6.71 miles
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Sheppard Express
8.05 miles
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Accel Fuels
8.42 miles
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Murphy USA
8.79 miles
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Alon
8.81 miles
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Alon
8.86 miles
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CEFCO
8.87 miles
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Shell
9.10 miles
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Alon
9.90 miles
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Best Western Red River Inn
0.00 miles
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Econo Inn
8.18 miles
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Howard Johnson
9.17 miles
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Candlewood Suites
9.78 miles
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Motel 6
9.91 miles
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Executive In & Suites
9.96 miles
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America's Best Value Inn
9.97 miles
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Quality Inn & Suites
9.97 miles
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United Supermarkets
1.25 miles
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Sheppard Commissary
8.04 miles
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Walmart Supercenter
8.84 miles
In-Depth Research Available for this Property
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Contact Listing Broker
Salman (Sam) Tabani
Tabani Realty
(972) 810-7729