112 mcarthur st, grants, new mexico 87020 · 2019. 4. 8. · motel located conveniently off the...
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6565 Americas Pkwy NE Suite 200, Albuquerque, NM 87110
The information contained herein is believed to be reliable but not guaranteed. It is theresponsibility of any prospective purchaser to independently confirm its accuracy and verify thesubject offering as suitable for the intended use. Neither eXp Realty LLC, it’s agents or brokers,assume responsibility for typographical errors, misprints or misinformation.
Sands Motel 112 McArthur St, Grants, New Mexico 87020
Presented By: Coralee Quintana, MA, MBA
505.639.1266
Sands Motel GrantsPrice: $499,000Rooms: 26*
Price per Door: $19,960Square Feet: 9,000 SFPrice per SF: $55.40Built: 1950Cap Rate: 12.8%*24 rooms rentable, 2 as storage.
Property
Summary
Amenities: Elvis Presley stayed here!Free WifiNon-Smoking RoomsPet Friendly Rooms AvailableFree Private and Semi-Truck Parking24-hour Front Desk Free Continental BreakfastHeating and Air ConditioningFax and Photocopying Firewall Protection
Presented By: Coralee Quintana, MA, MBA
505.639.1266
6565 Americas Pkwy NE Ste 200 , Albuquerque, NM 87110
The information contained herein is believed to be reliable but not guaranteed. It is the
responsibility of any prospective purchaser to independently confirm its accuracy and
verify the subject offering as suitable for the intended use. Neither eXp Realty LLC, it’s
agents or brokers, assume responsibility for typographical errors, misprints or
misinformation.
Financial Summary
2018 Mini Pod:Income: $157,462Expenses: $93,714NOI: $63,748Cap Rate: 12.8%
Summary 2016 2017 2018
Gross Income $111,866 $160,074 $157,462
Expenses $79,063 $93,068 $93,714
NOI $32,803 $67,006 $63,748
Occupancy 37% 52% 51%
Presented By: Coralee Quintana, MA, MBA
505.639.1266
6565 Americas Pkwy NE Ste 200, Albuquerque, NM 87110
The information contained herein is believed to be reliable but not guaranteed. It is the
responsibility of any prospective purchaser to independently confirm its accuracy and
verify the subject offering as suitable for the intended use. Neither eXp Realty LLC, it’s
agents or brokers, assume responsibility for typographical errors, misprints or
misinformation.
Site SummaryeXp Realty LLC is proud to offer the Sands Motel located conveniently off the historic Route 66. With entrance off and onto the Interstate 40, this vintage motel is visible to travelers heading both north and south. The town of Grants, most known for its historic pueblos, art and culture, offers a wide variety of outdoor recreations, restaurants, motels, and much more! The region is surrounded by beautiful scenic vistas of mountains and mesas, historical attractions, and must see state parks. This is a high traffic area for outdoor recreational travelers and a great place to do business! Area tenants includes Blakes Lotaburger, Allsups, John Brooks, Wells Fargo and Verizon.
Presented By: Coralee Quintana, MA, MBA
505.639.1266
6565 Americas Pkwy NE Ste 200 , Albuquerque, NM 87110
The information contained herein is believed to be reliable but not guaranteed. It is the
responsibility of any prospective purchaser to independently confirm its accuracy and
verify the subject offering as suitable for the intended use. Neither eXp Realty LLC, it’s
agents or brokers, assume responsibility for typographical errors, misprints or
misinformation.
SITE
Trade Area Highlights:-Modern 50,000 sq. ft. Cibola General Hospital.
-Multiple outdoor recreational areas.
-Grants Mining Museum.
-Chaco Culture National Historic Park.
-Acoma and Laguna full service casinos.
-18-hole golf course for public use off Interstate 40.
-Grant’s Community College.
-Acoma Sky City Cultural Center.
-Village of Milan offers a natatorium.
-Route 66 Rural Historic District.
-National Scenic trails of El Malpai and El Morro.
Trade Area
Presented By: Coralee Quintana, MA, MBA
505.639.1266
6565 Americas Pkwy NE Ste 200 , Albuquerque, NM 87110
The information contained herein is believed to be reliable but not guaranteed. It is the
responsibility of any prospective purchaser to independently confirm its accuracy and
verify the subject offering as suitable for the intended use. Neither eXp Realty LLC, it’s
agents or brokers, assume responsibility for typographical errors, misprints or
misinformation.
Demographics & Weather
Proximity 1 Mile 3 Miles 5 Miles
Total Population 4,411 9,094 11,358
Households 1,727 3,293 4,146
Average Household
Income
$45,329 $43,543 $43,434
1 Mile
3 Miles
5 Miles
The Grants area's population totals 27,056 residents.
Elevation: 6,460 feet.
Land area: 4,539 square miles.
Population density: 5.9 people per square mile.
Expected Job Growth 2018-2028: 35.61%
Presented By: Coralee Quintana, MA, MBA
505.639.1266
6565 Americas Pkwy NE Ste 200 , Albuquerque, NM 87110
The information contained herein is believed to be reliable but not guaranteed. It is the
responsibility of any prospective purchaser to independently confirm its accuracy and
verify the subject offering as suitable for the intended use. Neither eXp Realty LLC, it’s
agents or brokers, assume responsibility for typographical errors, misprints or
misinformation.
Elvis Stayed Here!
Presented By: Coralee Quintana, MA, MBA
505.639.1266
6565 Americas Pkwy NE Ste 200 , Albuquerque, NM 87110
The information contained herein is believed to be reliable but not guaranteed. It is the
responsibility of any prospective purchaser to independently confirm its accuracy and
verify the subject offering as suitable for the intended use. Neither eXp Realty LLC, it’s
agents or brokers, assume responsibility for typographical errors, misprints or
misinformation.
Additional Photos
Presented By: Coralee Quintana, MA, MBA
505.639.1266
6565 Americas Pkwy NE Ste 200 , Albuquerque, NM 87110
The information contained herein is believed to be reliable but not guaranteed. It is the
responsibility of any prospective purchaser to independently confirm its accuracy and
verify the subject offering as suitable for the intended use. Neither eXp Realty LLC, it’s
agents or brokers, assume responsibility for typographical errors, misprints or
misinformation.
Location Summary
Grants, NM
Overview
Grants New Mexico is located in north-central Cibola County. Santa Fe Avenue (former Route 66) is the main road through the city, while Interstate 40 passes through the south side of the city, with access from exits 81 and 85. The town of Milan borders the northwest end of Grants. The town enjoys recent job growth of 2.26% with expected job growth of 35.61% over the next 10 years. It serves as a hub to many outdoor enthusiasts who enjoy hunting, fishing and mountain activities in the Mount Taylor area.
Grants began as a railroad camp in the 1880s, when three Canadian brothers –Angus A. Grant, John R. Grant, and Lewis A. Grant – were awarded a contract to build a section of the Atlantic and Pacific Railroad through the region. The Grant brothers' camp was first called Grants Camp, then Grants Station, and finally Grants. The new city enveloped the existing colonial New Mexican settlement of Los Alamitos and grew along the tracks of the Atlantic and Pacific Railroad. The town prospered as a result of railroad logging in the nearby Zuni Mountains, and it served as a section point for the Atlantic and Pacific, which became part of the Atchison, Topeka and Santa Fe Railway. After the decline of logging in the 1930s, Grants gained fame as the "carrot capital" of the United States. Agriculture was aided by the creation of Bluewater Reservoir, and the region's volcanic soils provided ideal conditions for farming. Grants also benefited from its location, both being an airway beacon and later by U.S. Route 66, which brought travelers and tourists and the businesses that catered to them. Today the beacon and FSS building on the airport (KGNT) is being restored as museum.
Presented By: Coralee Quintana, MA, MBA
505.639.1266
6565 Americas Pkwy NE Ste 200 , Albuquerque, NM 87110
The information contained herein is believed to be reliable but not guaranteed. It is the
responsibility of any prospective purchaser to independently confirm its accuracy and
verify the subject offering as suitable for the intended use. Neither eXp Realty LLC, it’s
agents or brokers, assume responsibility for typographical errors, misprints or
misinformation.