Super 8 by Wyndham Waxahachie TX

400 North Interstate 35 East, Waxahachie, TX

$2,700,000

Price

8.28%

Cap Rate

$223,652.97

NOI

Overview
Cap Rate
8.28%
NOI
$223,652.97
Building Size
16,536 sqft
Lot Area
2.05 acres
Keys
38
Occupancy
70.6%
Year Built
1999
Floors
2
Description

The Super 8 by Wyndham in Waxahachie, TX is listed exclusively with Tabani Realty. The Super 8 was built in 1999 and most recently remodeled in 2018-2019. The current owner has completed more than $600,000 in renovations and upgrades recently so there will be no PIP for the new owner. The hotel has 38 smoke-free rooms across 2 floors in a single building with an overall living space of 16,536 SF. There is also a 2-bedroom managers apartment on site in addition to the 38 rooms. The property sits on a 2.05 acre of land that is also included in the sale. The Super 8 in Waxahachie is conveniently located near the intersection of the busy interstate of Interstate 35 and highway 287. Additionally, the hotel is located 28 miles from downtown Dallas.

The Super 8 has many amenities that guests will enjoy. Some of the standard amenities are an outdoor pool, free breakfast, complimentary tea and coffee in the lobby, self-service laundry on-site, free WiFi, and free parking. Each room comes with a flat-screen TV, premium channels, hairdryer, a microwave, and refrigerator.

The hotel is approximately an 8 minute drive to the Waxahachie Civic Center. At the Civic Center, events like conventions, corporate events, expos, weddings, and other formal events are held there. The hotel is also only a 6 minute drive to the fairgrounds where the famous Scarborough Renaissance Festival is held. The festival runs through the months of April and May every year that showcase performances, shops, and food. There are 21 stages with more than 200 performances over the course of 2 months. The fair is 35 acres in size and receives over 200,000 visitors each year.

Waxahachie is a southern suburb of Dallas, Texas. The city has a current population of around 37,000 that contributes to the 7.5 million overall population of the Dallas/Fort Worth metroplex. The DFW metroplex is one of the fastest growing metro areas, especially over the last couple years, and is the 4th largest metroplex in the United States. Waxahachie is located only 28 miles south of downtown Dallas. Some of the major employers in the area are a Walgreen Distribution Center, Dart Container Corp, Owens Corning Fiberglass, Waxahachie ISD, Georgia Pacific, Ellis County, C.R. Laurence, National Freight, and other industrial manufacturing companies.

Although Waxahachie is a smaller town, the city is an attractive tourist destination. The city is known for its suburban feel and for hosting the big Scarborough Renaissance Festival that goes on annually during the months of April and May. The charm of the historic homes and buildings brings thousands of visitors to the city each year. While here, visitors enjoy numerous unique shopping opportunities, including antiques, specialty shops and boutiques. Just a short drive from the Metroplex, Waxahachie also has a number of festivals and events throughout the year for residents and visitors to enjoy.




Highlights
  • 38 rooms
  • Renovated in 2018-2019
  • No PIP for new owner
  • Smoke-free hotel
  • Outdoor pool
  • 24-hr front desk
  • Free breakfast
  • Free parking
  • Free Wifi
  • Self-service laundry onsite
  • Easy highway accessibility to I-35
  • Close to Waxahachie Civic Center
  • Close to Scarborough Renaissance Fair
  • Close to local attractions
  • Near downtown Waxahachie
  • Less than 30 minutes away from Dallas
  • Good reviews from guests
Documents

Location
Gallery