Days Inn

577 West Monroe Street, Burns, OR

$2,875,000

Price

12.45%

Cap Rate

$357,825

NOI

Overview
Cap Rate
12.45%
NOI
$357,825
Building Size
18,900 sqft
Lot Area
0.49 acres
Keys
52
Year Built
1965
Year Last Renovated
2018
Description

Economy Franchise in County Seat City Center

The Days Inn by Wyndham Burns is a 52 key select service franchised economy hotel with high brand recognition. The property features excellent highway access and visibility, ample bus, truck, and RV parking, as well as exterior corridor rooms for ease of guest access. Property includes welcoming lobby, guest breakfast area with flatscreen TV, visitor business center, and seasonal outdoor swimming pool. Fitness center is available off-site to guests. Guest room mix includes a selection of Queen and King rooms, family-friendly rooms, suites, and ADA rooms. Amenities include in-room mini-refrigerator, microwave, coffee/tea maker, flatscreen television, and high-speed internet (WiFi). Property was updated in 2017 and 2018. 2 bedroom, 1 bathroom apartment with living room and kitchen is perfect for Owner/Operator, or on-site Manager. Highly desirable central location, restaurant adjacent and walking distance to a variety of stores, galleries, and attractions.

Location:

Located in the vast high desert of Southeast Oregon, Burns is a friendly town with a lot of heritage. As the only place in the county with basic tourist amenities, Burns serves as a convenient stopover for many travelers. Burns is a jumping-off point for exploring the poetry of the Malheur National Wildlife Refuge, Steens Mountain, and the Alvord Desert. Outdoor recreation includes fishing, backpacking, camping, boating, golfing, biking, and hiking. Downtown Burns features restaurants, museums, galleries, and stores.

Building size is approximate and all information is obtained from sources deemed reliable but subject to buyer verification. All property tours must be arranged through the broker. DO NOT CONTACT PROPERTY OR EMPLOYEES!

Selling Broker co-op (if available) contingent upon receipt and CIP approval of Buyer Registration in advance of receipt of the marketing package, financials, and presentation of offers. No co-op without CIP approval of Buyer registration. Please call with questions regarding this requirement.

Highlights
  • 12.45% Cap Rate, 28.21% ROI & 4.17 GRM
  • Excellent Highway Access & Visibility
  • High Brand Awareness Franchise
  • Centrally Located in Historic Downtown
  • Outdoor Seasonal Pool & Restaurant Adjacent
  • Ample Bus, Truck & RV Parking
  • Proximity to Malheur National Forest
Documents
Title
Property Flyer
Crystal Investment Property Online Listing
Online Confidentiality Agreement
Property Video
Confidentiality Agreement
CIP Disclosure
* Documents permissions are set by the listing owner, request information to access locked documents.

Location
Gallery