Description
For sale is the fee interest in a NNN Value Place Hotel, which has a 25 year term and 2% annual increases. This property can be purchased individually or as a group. Value Place, founded in 2003 by entrepreneur Jack DeBoer, is the nations fastest-growing extended stay hotel chain that features secure temporary lodging with low weekly rates, rigorous cleanliness standards, and a commitment to the comfort, privacy and peace of mind of each guest. Value Place provides its guests with the right amount of what they need for an extended stay whether traveling on business, pleasure, relocation, or just looking for a temporary basecamp in one' s life' s journey. Standard amenities and features include private secured entrance, color TV with expanded cable and premium movie channel, full-size refrigerator with freezer, two-burner stove, towels, linens, microwave, bi-weekly housekeeping, vending machines and onsite laundry facilities. Optional features at an additional price include utensils, dishes and cookware, a coffee maker, additional housekeeping and high-speed internet. The Value Place brand has nearly 100 locations in 22 states, and is continuously growing.
This property is located in Orlando, in Orange County. Population throughout Orange County reached an all time high in 2004 with 964,865 residents. The county is one of the fastest growing areas in the entire state. Florida has no state income tax and as a whole ranks low in terms of the tax burden placed on residents. Orange County residents enjoy a strong economy and have a median household income of $41,311. Apopka Art and Foliage Festival, Shakespeare Festival, Orlando Film Festival, Sweetcorn Festival, Charles Hosmer Morse Museum of American Art, Church Street Station, Elvis Presley Museum, Gatorland, Leu Botanical Gardens, Orlando Museum of Art, Orlando Science Center, Sea World, and Wet 'n' Wild.