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INVESTMENT OVERVIEW
Marcus & Millichap is pleased to offer for sale a fee simple interest in the 75-unit, Quality Inn Roxboro South, located in Roxboro, North Carolina. The subject property is ideally located on 1.32 acres just south of the downtown Roxboro area. Common area amenities include complimentary breakfast, outdoor swimming pool and lounge chairs, 24-hour front desk, meeting & banquet facilities, free on-site parking, and vending machines. Each guest room is equipped with free Wi-Fi, flat-screen TV, desk with chair, private bathroom, microwave, minifridge, in-room coffee & tea maker, and hairdryer.
Roxboro is located in Person County in northern North Carolina just south of the Virginia state line. The Roxboro metro is situated 30 miles north of the Raleigh-Durham-Chapel Hill area which features top universities, medical centers, attractions, and corporate offices. Durham, a city in North Carolina, is part of the Research Triangle Region, which is home to more than 2 million people and known for its technology companies and scholarly institutions. The Research Triangle Park is one of the most prominent high-tech research and development parks in the United States. RTP is home to over 275 companies throughout the 7,000 acres including GlaxoSmithKline, Cisco Systems, IBM, and Credit Suisse.
Just south of Durham is Raleigh, one of the fastest- growing regions in the entire country and is the second biggest city in the state. The city has long been recognized for livability, career development and its high job growth. Most recently, Raleigh has been lauded as the number one place for business and career by Forbes. Some companies based in Raleigh include BB&T Insurance Services, Capitol Broadcasting Company, Carquest, First Citizens Bancshares, Golden Corral, Martin Marietta Materials, Red Hat, Waste Industries, and Lulu. A major demand generator for the area is North Carolina State University, a leading public research university with an enrollment of over 23,500 students. For traveling to the area, the Raleigh-Durham International Airport is located 43.7 miles away and provides service to more than 11 million passengers annually. With 57 nonstop destinations and 10 major airlines, RDU connects central North Carolina to the people and places that matter most. RDU powers the region’s economy with an $8.5 billion annual economic impact that supports 5,000 jobs on campus and 20,000 jobs regionally.
INVESTMENT HIGHLIGHTS
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