26553 Magnolia Rd, Underwood, IA 51576

CBRE is pleased to present the opportunity to acquire the Underwood Motel & Extended Stay off I-80, a 34-unit motel in Underwood, Iowa. The property consists of a two-story building adjacent to Interstate 80.

INVESTMENT HIGHLIGHTS

34-room motel - Excellent owner/operator opportunity

Convenient location off I-80, within 10 miles to Council Bluffs and the Omaha, Nebraska metropolitan area

Demand generators include I-80 traffic, casinos, golf courses, Jack Links plant, convention centers, concert venues and Henry Doorly Zoo

Only one of two hotel or motels within 13 miles

Well below replacement cost + Recent capital improvements and renovations

See agent for financials and other information

Location Highlights

› Adjacent to Exit 17 off I-80

› Next to Underwood I-80 Truck Stop

› Only one of two motels or hotel within 13 miles

› Within walking distance to a 500K SF Jack Links distribution center and the town of Underwood

Amenities

› Refrigerators and microwaves in all rooms

› Complimentary wi-fi and cable TV in all rooms

› Manager’s office and lobby

› Large self-service laundry facility for guests

› Recent renovations and extensive capital improvements

Room Types

› 34 rooms and suites total

› 9 extended stay suites with separate bedroom and full kitchen

› 25 rooms with one queen bed, one bathroom, refrigerators and microwaves