1389 N Saint Augustine Rd - Hospitality FOR SALE


Valdosta, GA 31602
$5,550,000 USD
813-767-9953
1389 N Saint Augustine Rd, Valdosta, GA for Sale
$5,550,000 USD
Hospitality - FOR SALE
1/16
null | 8.58% Cap Rate

1389 N Saint Augustine Rd
Valdosta, GA 31602


HIGHLIGHTS

  • • Triple NNN Leased Grocery Store & 2 Furnished Apartments
  • • Located in a High Growth Market
  • • 1.2 Miles to Valdosta Mall • 3.8 Miles to Drexel Park (Home of the Valdosta Azalea Festival
  • • YE 2024 ADR / RevPAR / OCC: $70.73 ADR / $31.02 RevPAR / 43.85% OCC
  • • YE 2024 Room Revenue / RRM: $1,531,276 Room Revenue / 3.62x RRM
  • • YE 2024 Triple NNN Lease NOI: $69,600

OVERVIEW

OFFERING OVERVIEW: DSH Hotel Advisors has been retained as the exclusive broker to market for sale the Days Inn & Super 8 Valdosta Mall, located in Valdosta, GA. The hotel has a total of 135 rooms - Days Inn has 63 rooms, Super 8 has 72 rooms. This exterior corridor hotel is located directly off of Interstate 75 (AADT 61,900) with high visibility. In addition to the hotel, a 10,000 sq. ft. grocery store building is included in the sale. This property is an established Indian grocery franchise, providing a consistent revenue stream. PROPERTY OVERVIEW: The subject property remains in good condition due to an ongoing capital improvement plan and completed renovations. It is estimated that the change of ownership PIP would be approximately $250,000+/-; however, this estimate would need to be verified by a change of ownership PIP issued by Wyndham Hotels & Resorts. Current ownership had invested approximately $1.5MM+/- in renovations. Recent upgrades under current ownership include: • New Roof (Days Inn) • New FF&E (Days Inn) • New Exterior Paint (Days Inn) • Swimming Pool Resurfaced • New Water Heaters • New Bath Surround/Quartz Vanity • New Flooring and Paint (Super 8) • New Bed Platforms/Mattress (Super 8) • New Exterior/Interior LED Lights (Both) MARKET OVERVIEW: The Days Inn & Super 8 Valdosta Mall in Valdosta, Georgia, is strategically located to capitalize on a range of diverse demand generators in the area. This property caters to various guest types, including leisure and business travelers, healthcare professionals, and visitors traveling along I-75. Key attractions such as Wild Adventures Theme Park, Valdosta State University, and local sport events create significant opportunities for attracting guests. LOWNDES COUNTY: Situated in southern Georgia, Lowndes County encompasses the city of Valdosta, which is a key hub and county seat in the region. The county’s estimated 2024 population is 121,925 with a growth rate of 1% in the past year according to the most recent United States census data. Lowndes County, Georgia is the 23rd largest county in Georgia. This area is well-positioned along the I-75 corridor, a major north-south route connecting Florida and the Great Lakes, facilitating significant transit and travel activity. Covering approximately 516 square miles, Lowndes County features a warm climate and a rich southern heritage. The county is also notable for its connection to the Civil War, with sites like the Confederate Memorial and various historic homes. Additionally, Lowndes County hosts the annual South Georgia Regional Fair, showcasing local culture and agriculture. Property Highlights: • Days Inn & Super 8 Valdosta Mall, by Wyndham Hotels • 135-Rooms / 3 Stories / Exterior Corridor • 2 Furnished Apartments • Triple NNN Leased Grocery Store • 1990 Construction • Located in a High Growth Market • Upward Trend in Revenue • Amenities Include: Outdoor Pool, Elevator, Fitness Center, Dining Area w/ Breakfast, Guest Laundry, Business Center, Sundries Location Highlights: • 1.2 Miles to Valdosta Mall • 3.8 Miles to Drexel Park (Home of the Valdosta Azalea Festival) • 3.9 Miles to Valdosta State University • 4.2 Miles to Downtown Valdosta • 10.4 Miles to Wild Adventures Theme & Water Park • 14.9 Miles to Moody’s Air Force Base •72 Miles to Tallahassee Financial Highlights: • List Price of $5,550,000 • YE 2024 ADR / RevPAR / OCC: $70.73 ADR / $31.02 RevPAR / 43.85% OCC • YE 2024 Room Revenue / RRM: $1,531,276 Room Revenue / 3.62x RRM • YE 2024 NOI / Cap Rate: $476,103 NOI / 8.58% Cap Rate • YE 2024 Triple NNN Lease NOI: $69,600

FOR SALE DETAILS

PRICE

$5,550,000 USD

PRICE/SF

$148 USD /SF

# OF ROOMS

72

PRICE/ROOM

$77,083 {currency}

CAP RATE

8.58%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Days Inn & Super 8 Valdosta Mall + Triple NNN

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1972

PARKING SPACES

170

LAND DETAILS

LAND ACRES

3.84 AC

LAND SF

167,270 SF

ZONING

C3

APN/PARCEL ID

0081D-001

ASK ABOUT THIS PROPERTY

Dennis Hopper CCIMDSH Hotel AdvisorsMore Info
813-767-9953

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Dennis Hopper CCIMDSH Hotel AdvisorsMore Info
813-767-9953

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.