- For Sale $4,300,000
- 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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Attachments
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
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Contacts
Location
Getting Around
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Walk Score ®
32/100 Car-Dependent -
Bike Score ®
36/100 Somewhat Bikeable
- 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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Chicken Express
0.16 miles
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Braum's
0.17 miles
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Whataburger
0.31 miles
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Feed Lot
0.34 miles
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The Star Diner
0.37 miles
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Lite Pan
0.40 miles
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McDonald's
0.47 miles
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Subway
0.97 miles
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Domino's
1.24 miles
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Sonic
1.27 miles
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Southside School
0.33 miles
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Burkburnett High School
1.13 miles
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Burkburnett Alternative Education Center
1.21 miles
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Burkburnett Middle School
1.28 miles
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John G. Tower Elementary School
6.89 miles
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Haynes Elementary School
8.26 miles
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Sheppard Air Force Base Elementary School
8.43 miles
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City View Junior/Senior High School
9.19 miles
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Kirby Middle School
9.63 miles
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Kate Burgess Elementary School
9.81 miles
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Children's Corner Daycare
9.09 miles
Frequently Asked Questions
What is the lease rate for Former Best Western Burkburnett?
Rental asking rate at Former Best Western Burkburnett is $2,150,000.00/YR.
What is the total square footage of Former Best Western Burkburnett?
Former Best Western Burkburnett totals 36,281 square feet.
When was this property built?
Former Best Western Burkburnett was built in 2006.
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