SUPER 7 INN - FORT WORTH (FORMERLY MOTEL 6)6600 South Freeway, Fort Worth, TX 76134
FOR SALE
Salman (Sam) Tabani972.810.7729 [email protected]
Tabani Realty15455 Dallas Parkway
Addison, TX 75001972.810.7729
tabanirealty.com
Salman (Sam) Tabani972.810.7729 [email protected]
Tabani Realty15455 Dallas Parkway
Addison, TX 75001972.810.7729
tabanirealty.com
The Super 7 Inn in Fort Worth is for sale for $4,750,000 at a Cap Rate of 11.52%.The property was built in 1981 and remodeled in 2016. The property was a Motel6 until converting in 2016 to Super 7 as an independent hotel. Currently, there isno franchise agreement and is available to be converted to an economybrand. The hotel sits on 3.25 acres of land in a single building. The building hasexterior corridors and and overall square footage of 38,200 SF across 2 floors.The hotel has 146 rooms and currently 130 rooms are available for leasing. Theproperty is located right off the major interstate of 35W and has excellenthighway visibility. It is also located very close to the intersection of 35W andInterstate 20, which provides easy access all over the Fort Worth area.
The Super 7 Inn is located about 8 miles away from downtown Fort Worth, thenumber one downtown in the country, and where much of the area's topentertainment is. Less than 10 miles away from the hotel there many things to dosuch as the Fort Worth Water Gardens, the Fort Worth Convention Center, theBass Performance Hall, Sundance Square, the St.Patrick Cathedral, the ModernMuseum of Art, the Fort Worth Zoo, the Kimbell Art Museum, and the BotanicGarden. There are also many parks, ballparks, and golf nearby. Guests stayingat this hotel have so many options of things to do, places to shop, manyattractions to visit, and even more restaurants to choose from.
PROPERTY OVERVIEW
Fort Worth is a city in the county seat of Tarrant County, Texas. Located rightnext to Dallas, it is the other half making up the big metroplex of DFW. The citypopulation was estimated around 833,319 as of the 2015 census. The City ofCowboys & Culture is the 16th-largest city in the United States and part of theNo. 1 tourist destination in Texas, welcoming 8.8 million visitors annually. FortWorth is comprised of seven primary entertainment districts each offeringdistinct dining, shopping, entertainment and cultural amenities. In only a fewdays you can enjoy a range of experiences: from NASCAR racing to rodeos,world-class museums to cowboy cuisine, boutique shopping to a Top 5 zoo,biking to horseback riding. With so many things to see and do, it is not a surprisethat Fort Worth was recently named best downtown in the nation. And openingin 2019, Fort Worth will be opening the $450 million multi-purpose arena that willhost even more crowd-bringing events to the city.
The city, often called Cowtown, is the home of many large employers anduniversities. In 2013, Fort Worth-Arlington ranked 15th on Forbes' list of the BestPlaces for Business and Careers. The top employers in the area are LockheedMartin Aeronautics, Naval Air Station Joint Reserve Base Fort Worth, Fort WorthISD, American Airlines Group, City of Fort Worth, Bell Helicopter, Alcon, CookChildren’s Health Care System, Harris Methodist Hospital, Pier 1 Imports, andRadio Shack. Education is also an important part of the city as it is home toTexas Christian University that has over 10,000 students, University of Arlingtonthat has almost 35,000 students, and Tarrant County College that has just over49,000 students.. Conveniently off Interstate 30, downtown Dallas is about 40minutes away. Even closer at 25 minutes away is Arlington that is home of theDallas Cowboys, Texas Rangers, and Six Flags.
OFFERING SUMMARY
Sale Price: $4,750,000
Price / SF: $124.35
Cap Rate: 11.52%
NOI: $547,028
Lot Size: 3.25 Acres
Year Built: 1981
Building Size: 38,200 SF
Renovated: 2016
Zoning: Commercial
Market: DFW
Submarket: Fort Worth
FOR SALE | SUPER 7 INN - FORT WORTH (FORMERLY MOTEL 6)
6600 South Freeway, Fort Worth, TX 76134
Executive Summary
Salman (Sam) Tabani972.810.7729 [email protected]
Tabani Realty15455 Dallas Parkway
Addison, TX 75001972.810.7729
tabanirealty.com
FOR SALE | SUPER 7 INN - FORT WORTH (FORMERLY MOTEL 6)
6600 South Freeway, Fort Worth, TX 76134
Additional Photos
Salman (Sam) Tabani972.810.7729 [email protected]
Tabani Realty15455 Dallas Parkway
Addison, TX 75001972.810.7729
tabanirealty.com
FOR SALE | SUPER 7 INN - FORT WORTH (FORMERLY MOTEL 6)
6600 South Freeway, Fort Worth, TX 76134
Location Maps
Salman (Sam) Tabani972.810.7729 [email protected]
Tabani Realty15455 Dallas Parkway
Addison, TX 75001972.810.7729
tabanirealty.com
FOR SALE | SUPER 7 INN - FORT WORTH (FORMERLY MOTEL 6)
6600 South Freeway, Fort Worth, TX 76134
Retailer Map
Salman (Sam) Tabani972.810.7729 [email protected]
Tabani Realty15455 Dallas Parkway
Addison, TX 75001972.810.7729
tabanirealty.com
* Demographic data derived from 2010 US Census
POPULATION 1 MILE 3 MILES 5 MILES
TOTAL POPULATION 6,597 76,872 224,803MEDIAN AGE 33.3 29.7 31.2MEDIAN AGE (MALE) 31.8 28.6 29.8MEDIAN AGE (FEMALE) 35.4 30.8 32.4
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
TOTAL HOUSEHOLDS 2,328 24,369 74,458# OF PERSONS PER HH 2.8 3.2 3.0AVERAGE HH INCOME $55,453 $48,560 $55,812AVERAGE HOUSE VALUE $102,059 $131,528
FOR SALE | SUPER 7 INN - FORT WORTH (FORMERLY MOTEL 6)
6600 South Freeway, Fort Worth, TX 76134
Demographics Map
Tabani Realty • 15455 Dallas Parkway • Addison, TX 75001 • 972.810.7729 • tabanirealty.com
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