20750 Whyte Hardee Boulevard Hardeeville, SC Motel for sale 44 Room Independent
Apr 22, 2020
20750 Whyte Hardee Boulevard
Hardeeville, SC
Motel for sale44 Room Independent
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About Us
DARKA KRSMANOVIC, CCIM
ASSOCIATE
Cell: 678-687-1460
New Century Assets & Realty, LLC specializes in commercial real estate for hotels and motels in South East USA, USA, Canada, and India. We provide service to our customers through analysis of market sector, franchise/flag, hotel properties and new hotel development, including prime land in major hotel markets. Our team is a professional team for investment properties with extensive and varied experience in business brokering, medical practices, MRI Centers, allied healthcare businesses and software. We are always enthusiastic and excel in areas others may feel intimidated.
New Century Assets & Realty, LLC has reached into all 50 states for commercial properties including but not limited to: hotels/motels, multi-family, shopping centers, bank owned assets, and office buildings. Our extensive skills and knowledge allow us to give you superior guidance when choosing your next investment. We provide guidance for EB5 investments to foreign investors.
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20750 Whyte Hardee Boulevard, Hardeeville, SC
VIJAY PANCHAL
CEO & BROKER
Licenses: 309711
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TABLE OF CONTENTS
CONTENTS
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Property Overview 01.
Financial Overview02.
Pictures and maps03.
Local information04.
06. Infographics
07. About Area
08. Team
09. Confidentiality & Disclaimer
20750 Whyte Hardee Boulevard, Hardeeville, SC
05. Traffic and Demographics
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PROPERTY OVERVIEW
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• New Century Assets & Realty is pleased to present this Friendship Inn with 6 buildings. This property qualifies as easily accessible site. There is a total of 2.47 acres as well as 44 rooms and plenty of parking.
• Average daily traffic count of 50,900 with an average 5 year population growth of 2.41%.
• Only hotel in town with extended stay specialty. Largest and best building was closed in 2018 for remodel. Now open and represents upside for buyer to do marketing and raise occupancy.
• Great location close to I-95 interstate, first exit.
• New paint and carpet in most rooms. Replaced furniture in some rooms. Replaced 104 pillars and related structural woodwork holding up the porches and roofs on all buildings. However, it is suggested that additional cash is still needed towards completing renovations for the rest of the property.
• Property owner retiring after 20+ years of successful business with strong repeat business.
• Perfect opportunity for those looking to invest under 1,000,000 on a hotel property.
20750 Whyte Hardee Boulevard, Hardeeville, SC
Offering summary
RENOVATIONPartial renovation
completed Jan 2019
LOT SIZE: 2.47 acres
COUNTY: Jasper
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FINANCIAL OVERVIEW
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• After the successful 20 year run of this property, the performance of this property has demonstrated stable cash flow.
• Newly completed renovations allows for this property to experience a reasonable increase in cash flow, helping the owner of this property to experience an increase in profit.
• Under the dynamic marketing circumstance the properties Cap rate is nearly 16%
• Good option for an investor who has conservative strategies of pursuing a stable income and who is willing to pursue higher revenue by adding higher value to this property.
20750 Whyte Hardee Boulevard, Hardeeville, SC
Financial Keys
2016 2017 2018
Revenues $230,701 $255,983 $246,679
Net
Operating
Income
$119,696 $127,307 $126,158
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PROPERTY SNAPS
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20750 Whyte Hardee Boulevard, Hardeeville, SC
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PROPERTY SNAPS
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20750 Whyte Hardee Boulevard, Hardeeville, SC
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ECONOMIC DRIVERS IN LOCAL AREA
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20750 Whyte Hardee Boulevard, Hardeeville, SC
Booming construction industry
Thriving tourism industry
The largest container port in the country
• 2 famous beaches nearby: Hilton Head Island and Tybee Island
• Downtown Savannah draws 14 million visitors per year; located 15 minutes away
• Savannah port drives regional growth and brings major companies to area
• Add’l port planned for the SC side
• City of Hardeeville projects to build nearly 30,000 homes over next 10 years
• Massive, luxury retirement communities in nearby Bluffton and Hilton Head
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Rapidly growing area – 35,000+ residential units planned
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20750 Whyte Hardee Boulevard, Hardeeville, SC
RiverPort – commercial and residential development planned to support new Jasper port
Commerce Park – light industrial park planned to support new Jasper port
Latitude Margaritaville -New luxury retirement community
Sun City – one of many luxury retirement communities
East Argent – planned luxury retirement community
Gateway Crossing –residential and commercial development
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Population projected to grow 16% per year through 2028
10※ Infographics data within 3
miles radius
20750 Whyte Hardee Boulevard, Hardeeville, SC
Source: City of Hardeeville, County of Jasper
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LOCATION MAPS
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20750 Whyte Hardee Boulevard, Hardeeville, SC
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RETAILER & HOTEL MAP
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20750 Whyte Hardee Boulevard, Hardeeville, SC
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TRAFFIC IN AREA
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20750 Whyte Hardee Boulevard, Hardeeville, SC
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DEMOGRAPHICS
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20750 Whyte Hardee Boulevard, Hardeeville, SC
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ABOUT THE AREA
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Hardeeville city
Hardeeville is a city in Jasper and Beaufort counties in the U.S. state of South
Carolina. The population was 2,952 as of the 2010 census and was estimated to
be 5,967 in 2017. Hardeeville is included within the Hilton Head Island-Bluffton-
Beaufort, SC Metropolitan Statistical Area.
For many years, Hardeeville billed itself as the "Lowcountry Host" due to the
prevalence of lodging and traveler-oriented facilities along U.S. Highway 17 and
later Interstate 95. In recent years, the city has expanded its economic focus due
to high population growth. According to Census estimates, Hardeeville posted the
highest population growth rate of any municipality in South Carolina, growing
53.4 percent from 2010 to 2014.
20750 Whyte Hardee Boulevard, Hardeeville, SC
Interstate-95
In the Carolinas, I-95 travels west of the coastal sections and indirectly serves
popular destinations such as the Outer Banks, Myrtle Beach, and Hilton Head via
various side routes. I-95 notably bypasses the major cities of Charleston and
Raleigh while intersecting major Interstate highways at Florence and Benson. I-
95 also passes the South of the Border attraction immediately before crossing
into North Carolina.
In North Carolina, I-95 informally serves as the separation between the state's
western piedmont and eastern coastal plain regions. Rocky Mount and
Fayetteville are the largest cities along I-95 in North Carolina. After Gaston, I-95
crosses into Virginia.
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TEAM
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Darka Krismanovic
Cell: 678-687-1460
Email: [email protected]
Office address: Premiere Pkwy #200, Duluth, GA,
30097
Associate
Chaoyang Yu
Analyst
Cell: 678-667-6293
Email: [email protected]
Office address: Premiere Pkwy #200, Duluth, GA,
30097
20750 Whyte Hardee Boulevard, Hardeeville, SC
CEO & Broker
Vijay Panchal
Email: [email protected]
Office address: 990 Peachtree Industrial Blvd,
Suwanee, GA 30024
Licenses: 309711
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CONFIDENTIALITY & DISCLAIMER
This property is being marketed by New Century Assets & Realty, LLC (hereinafter “broker”) under an exclusive listing agreement signed by the owner. This document contains information relating to the property but is not intended to be inclusive of all information that may be required by a purchaser. Any financial information provided in this document is subject to change and, although obtained from sources we deem reliable, cannot be guaranteed as to its accuracy. All information regarding the property should be obtained by perspective purchasers through independent verification. Broker does not guarantee any of the information contained herein. This document is considered confidential and may only be delivered to persons approved by broker and/or owner. Anyone in possession of this document agrees that the contents of this document will be held in the strictest confidence. No portion of this document shall be copied, disclosed or reproduced without the priorwritten consent of broker.
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20750 Whyte Hardee Boulevard, Hardeeville, SC