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Hotel-Motel

SpringHill Suites Charlotte Lake Norman/Mooresville

121 Gateway Blvd, Mooresville, NC 28117

Listing Price: $13,600,000

Cap Rate
9.00%
Number of Rooms
107
RevPAR
$65
Gross SF
76,000
Price/Room
$127,103
RRM
5.04
Price/Gross SF
$178.95
Year Built
2006

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire the fee simple interest in the SpringHill Suites Charlotte Lake Norman/Mooresville, located in Mooresville, North Carolina. The four-story, 107-unit, interior corridor property is ideally located directly off Interstate-77. The favorable location along the interstate provides immediate access to the Charlotte metro area, 23 miles south, as well as high visibility and accessibility for travelers. The SpringHill Suites offers guest amenities such as complimentary breakfast, on-site parking, indoor swimming pool, fitness center, and an on-site convenience store. Each guest room is fully equipped with free Wi-Fi, flat-screen TV, kitchenette, private bathroom, and desk with chair.

Investment Highlights

  • Fee Simple Interest in the 107-unit, SpringHill Suites Charlotte Lake Norman/Mooresville, Located in Mooresville, North Carolina
  • Strategic location directly off Interstate-77 | Walking distance to restaurants and retail
  • Downtown Charlotte, 23 miles away, offers a growing metropolitan area with professional sports teams, corporate headquarters, attractions, entertainment and more
  • 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, fishing, and swimming

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Financing By

Hotel-Motel

SpringHill Suites Charlotte Lake Norman/Mooresville

Listing Price: $13,600,000

Cap Rate
9.00%
Number of Rooms
107
RevPAR
$65
Gross SF
76,000
Price/Room
$127,103
RRM
5.04
Price/Gross SF
$178.95
Year Built
2006

Investment Highlights

  • Fee Simple Interest in the 107-unit, SpringHill Suites Charlotte Lake Norman/Mooresville, Located in Mooresville, North Carolina
  • Strategic location directly off Interstate-77 | Walking distance to restaurants and retail
  • Downtown Charlotte, 23 miles away, offers a growing metropolitan area with professional sports teams, corporate headquarters, attractions, entertainment and more
  • 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, fishing, and swimming

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire the fee simple interest in the SpringHill Suites Charlotte Lake Norman/Mooresville, located in Mooresville, North Carolina. The four-story, 107-unit, interior corridor property is ideally located directly off Interstate-77. The favorable location along the interstate provides immediate access to the Charlotte metro area, 23 miles south, as well as high visibility and accessibility for travelers. The SpringHill Suites offers guest amenities such as complimentary breakfast, on-site parking, indoor swimming pool, fitness center, and an on-site convenience store. Each guest room is fully equipped with free Wi-Fi, flat-screen TV, kitchenette, private bathroom, and desk with chair.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

Financing By

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