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Hotel-Motel

TownePlace Suites Charlotte Mooresville

139 Gateway Blvd, Mooresville, NC 28117

Listing Price: $14,400,000

Cap Rate
8.70%
Number of Rooms
116
RevPAR
$66
Gross SF
67,322
Price/Room
$124,138
RRM
5.74
Price/Gross SF
$213.90
Year Built
2008

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire the fee simple interest in the TownePlace Suites by Marriott Charlotte Mooresville, located in Mooresville, North Carolina. The five-story, 116-unit, interior corridor property is strategically located off Interstate-77 within walking distance of restaurants and retail. The favorable position of the hotel offers high visibility and accessibility for travelers as well as direct access to the Charlotte metro, 23 miles south. The TownePlace Suites provides guests with premium amenities including an indoor swimming pool and hot tub, a 24-hour fitness center, on-site convenience store, complimentary Wi-Fi, and on-site parking. Each guest suite is equipped with 32-inch flat screen TVs, a full kitchen, dining area, work desks and coffee makers.

Investment Highlights

  • Fee Simple Interest in the 116-unit, TownePlace Suites Charlotte Mooresville, Located in Mooresville, North Carolina
  • Strategic location directly off Interstate-77 | Walking distance to restaurants and retail
  • Downtown Charlotte, 23 miles away,
  • Lowe's Corporate Headquarters is located less than 5 miles away | NASCAR Technical Institute is less than 2.5 miles away
  • Charlotte Douglas International Airport, 31 miles away, is ranked in the top 10 airports in the world, with service from 11 major airlines and over 700 flights daily
  • Lake Norman encompasses more than 520 mile of shoreline and generates many aquatic attractions such as boat rentals, ?shing, and swimming
  • Higher Education | Davidson College, UNC Charlotte, Queen's University
  • Top Attractions in Charlotte Metro | Carowinds, NASCAR Hall of Fame, TopGolf, PNC Music Pavilion, & U.S National White Water Center

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Hotel-Motel

TownePlace Suites Charlotte Mooresville

Listing Price: $14,400,000

Cap Rate
8.70%
Number of Rooms
116
RevPAR
$66
Gross SF
67,322
Price/Room
$124,138
RRM
5.74
Price/Gross SF
$213.90
Year Built
2008

Investment Highlights

  • Fee Simple Interest in the 116-unit, TownePlace Suites Charlotte Mooresville, Located in Mooresville, North Carolina
  • Strategic location directly off Interstate-77 | Walking distance to restaurants and retail
  • Downtown Charlotte, 23 miles away,
  • Lowe's Corporate Headquarters is located less than 5 miles away | NASCAR Technical Institute is less than 2.5 miles away
  • Charlotte Douglas International Airport, 31 miles away, is ranked in the top 10 airports in the world, with service from 11 major airlines and over 700 flights daily
  • Lake Norman encompasses more than 520 mile of shoreline and generates many aquatic attractions such as boat rentals, ?shing, and swimming
  • Higher Education | Davidson College, UNC Charlotte, Queen's University
  • Top Attractions in Charlotte Metro | Carowinds, NASCAR Hall of Fame, TopGolf, PNC Music Pavilion, & U.S National White Water Center

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire the fee simple interest in the TownePlace Suites by Marriott Charlotte Mooresville, located in Mooresville, North Carolina. The five-story, 116-unit, interior corridor property is strategically located off Interstate-77 within walking distance of restaurants and retail. The favorable position of the hotel offers high visibility and accessibility for travelers as well as direct access to the Charlotte metro, 23 miles south. The TownePlace Suites provides guests with premium amenities including an indoor swimming pool and hot tub, a 24-hour fitness center, on-site convenience store, complimentary Wi-Fi, and on-site parking. Each guest suite is equipped with 32-inch flat screen TVs, a full kitchen, dining area, work desks and coffee makers.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

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