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Hotel-Motel

Tru Fort Mill

120 Crisanto Ave, Fort Mill, SC 29715

Listing Price: $15,250,000

Cap Rate
5.67%
Number of Rooms
97
RevPAR
$72
Gross SF
70,000
Price/Room
$157,216
Price/Gross SF
$217.86
Year Built
2020

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 97-unit, Tru Fort Mill, located in Fort Mill, South Carolina. The subject property is located on 1.74 acres and features 5 floors of well-maintained guest rooms. Premium amenities at the property include a furnished outdoor lounge area fitted with board games as well as games for families with kids. Common area amenities include complimentary continental breakfast, business center with fax & photocopy machine, 24-hour front desk, free on-site parking, fitness center, and vending machines. Each guest room is equipped with free Wi-Fi, Flat-Screen TV, refrigerator, desk with chair, private bathroom, and hairdryer. The Tru hotel is ideally located directly off Interstate-77, with close proximity to all demand generators. Many restaurants, retail and businesses are located within a few mile of the subject property offering many options for visitors. Major demand generators in the Fort Mill area include, Ross Stores, Inc – Distribution, Schaeffler, LPL Financial LLC, and Kingsley Mixed Use Development, which features 150,000 SF of retail store fronts and restaurants. Two major medical centers are located nearby, Piedmont Medical Center located in Rockhill with 288 bed, and Atrium Health Pineville, located 7 miles outside of Fort Mill with 250 beds. These two medical centers each bring in more than 1 billion in patient revenues. Carowinds Amusement Park, a popular North/South Carolina attraction with over 50 amusement rides and the largest water park in North Carolina, is located within 10 minutes of the hotel. Major North Carolina metro, Charlotte, is located a short 25 minute drive away. Charlotte is home to 6 Fortune 500 headquarters such as Bank of America along with many other businesses. Each year, Charlotte attracts more than 18 million visitors and the Charlotte/Douglas International Airport is ranked in the top 10 busiest airports in the U.S.

Investment Highlights

  • Fee Simple Interest in the 97-Unit, Tru Fort Mill, Located in Fort Mill, South Carolina
  • Conveniently Located off I-77 | Close Proximity to All Demand Generators
  • Carowinds, 4 Miles Away, is a Popular North/South Carolina Attraction with over 55 Rides
  • 25 Minutes Away, Downtown Charlotte, NC Boasts Many High Demand Generators Including the Bank of America Stadium
  • Charlotte Douglas International Airport, 15 Miles Away, is Ranked in the top 10 Airports in the World, with Service from 11 Major Airlines and over 700 Flights Daily
  • Major Demand Generators | Ross Stores, Inc – Distribution, Schaeffler, LPL Financial LLC, and Kingsley Mixed Use Development

Exclusively Listed By

Hotel-Motel

Tru Fort Mill

Listing Price: $15,250,000

Cap Rate
5.67%
Number of Rooms
97
RevPAR
$72
Gross SF
70,000
Price/Room
$157,216
Price/Gross SF
$217.86
Year Built
2020

Investment Highlights

  • Fee Simple Interest in the 97-Unit, Tru Fort Mill, Located in Fort Mill, South Carolina
  • Conveniently Located off I-77 | Close Proximity to All Demand Generators
  • Carowinds, 4 Miles Away, is a Popular North/South Carolina Attraction with over 55 Rides
  • 25 Minutes Away, Downtown Charlotte, NC Boasts Many High Demand Generators Including the Bank of America Stadium
  • Charlotte Douglas International Airport, 15 Miles Away, is Ranked in the top 10 Airports in the World, with Service from 11 Major Airlines and over 700 Flights Daily
  • Major Demand Generators | Ross Stores, Inc – Distribution, Schaeffler, LPL Financial LLC, and Kingsley Mixed Use Development

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 97-unit, Tru Fort Mill, located in Fort Mill, South Carolina. The subject property is located on 1.74 acres and features 5 floors of well-maintained guest rooms. Premium amenities at the property include a furnished outdoor lounge area fitted with board games as well as games for families with kids. Common area amenities include complimentary continental breakfast, business center with fax & photocopy machine, 24-hour front desk, free on-site parking, fitness center, and vending machines. Each guest room is equipped with free Wi-Fi, Flat-Screen TV, refrigerator, desk with chair, private bathroom, and hairdryer. The Tru hotel is ideally located directly off Interstate-77, with close proximity to all demand generators. Many restaurants, retail and businesses are located within a few mile of the subject property offering many options for visitors. Major demand generators in the Fort Mill area include, Ross Stores, Inc – Distribution, Schaeffler, LPL Financial LLC, and Kingsley Mixed Use Development, which features 150,000 SF of retail store fronts and restaurants. Two major medical centers are located nearby, Piedmont Medical Center located in Rockhill with 288 bed, and Atrium Health Pineville, located 7 miles outside of Fort Mill with 250 beds. These two medical centers each bring in more than 1 billion in patient revenues. Carowinds Amusement Park, a popular North/South Carolina attraction with over 50 amusement rides and the largest water park in North Carolina, is located within 10 minutes of the hotel. Major North Carolina metro, Charlotte, is located a short 25 minute drive away. Charlotte is home to 6 Fortune 500 headquarters such as Bank of America along with many other businesses. Each year, Charlotte attracts more than 18 million visitors and the Charlotte/Douglas International Airport is ranked in the top 10 busiest airports in the U.S.

Exclusively Listed By

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