66-Unit, 3-Story Interior corridor, well maintained building located on 1-acre lot
2024 Revenues priced at 3.5x RRM with 10.9% Cap Rate!
15.9% Cash-on-Cash Return with current SBA market rates and 20% down
Prime Location with highway visibility along US-84
Proximity to key attractions such as Canon Air Force Base and Curry County Events Center
Major Upcoming City Projects including Airport expansions, Road construction, Water Pipelines, and much more, boosting long-term growth potential
Located in an OPPORTUNITY ZONE – offering tax advantages for investors!
Location Summary
The Best Western Cannon AFB is ideally situated to capitalize on the high demand from various groups, including military personnel, contractors, and families visiting Cannon Air Force Base, which is just a short distance away. This prime location also serves visitors to the nearby Clovis Community College and Eastern New Mexico University, ensuring steady traffic from students, faculty, and event-goers. The hotel's proximity to key economic drivers like the EPCOR USA solar facility and the Southwest Cheese Plant offers additional revenue streams, with workers and visitors frequenting the area throughout the year. Additionally, the property is located within a federally designated OPPORTUNITY ZONE, offering potential tax advantages and long-term financial benefits to investors. The combination of military, educational, and industrial traffic provides a consistent and diversified customer base, making the Best Western Cannon AFB Hotel a sound and profitable investment opportunity.
