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Hotel-Motel

Residence Inn Charlotte Lake Norman

16830 Kenton Dr, Cornelius, NC 28031

Listing Price: $11,950,000

Cap Rate
8.80%
RevPAR
$113
Year Built
2002

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 78-suite Residence Inn located in Cornelius, NC a growing submarket of Charlotte.

Investment Highlights

  • Fee simple interest in the 78-suite Residence Inn located in Cornelius, NC
  • Ideally located off Interstate-77 presenting high visibility and seamless access to Charlotte and surrounding areas
  • Thriving Lake Norman submarket which has experienced significant growth and development from strong corporate demand and proximity to Charlotte's expanding economy
  • Walking distance to Birkdale Village, a high-end, mixed-use development with retail, dining, and entertainment
  • Strong corporate demand drivers: Huntersville Business Park (2 miles), Park-Huntersville Corporate Center (3 miles), Lowe's Corporate Headquarters (6 miles), MSC Industrial Supply (7 miles)

Exclusively Listed By

  • Jack Davis

    Senior Managing Director Investments

    (843) 952-2253

    Email Jack

    License(s): SC: 92795, NC: LC896

    Charleston

  • Chase Dewese

    Senior Director Investments

    (704) 831-4636

    Email Chase

    License(s): NC: 293623, WV: WVS240303513

    Charlotte Uptown

  • Joce Messinger

    Senior Director Investments

    (843) 952-2255

    Email Joce

    License(s): SC: 80481, GA: 375018, NC: LC810

    Charleston

Broker of Record

  • Donald Gilchrist

    Senior Director Investments

    (919) 674-1104

    License(s) NC: 241055

    North Carolina

Hotel-Motel

Residence Inn Charlotte Lake Norman

Listing Price: $11,950,000

Cap Rate
8.80%
RevPAR
$113
Year Built
2002

Investment Highlights

  • Fee simple interest in the 78-suite Residence Inn located in Cornelius, NC
  • Ideally located off Interstate-77 presenting high visibility and seamless access to Charlotte and surrounding areas
  • Thriving Lake Norman submarket which has experienced significant growth and development from strong corporate demand and proximity to Charlotte's expanding economy
  • Walking distance to Birkdale Village, a high-end, mixed-use development with retail, dining, and entertainment
  • Strong corporate demand drivers: Huntersville Business Park (2 miles), Park-Huntersville Corporate Center (3 miles), Lowe's Corporate Headquarters (6 miles), MSC Industrial Supply (7 miles)

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 78-suite Residence Inn located in Cornelius, NC a growing submarket of Charlotte.

Exclusively Listed By

  • Jack Davis

    Senior Managing Director Investments

    (843) 952-2253

    Email Jack

    License(s): SC: 92795, NC: LC896

    Charleston

  • Chase Dewese

    Senior Director Investments

    (704) 831-4636

    Email Chase

    License(s): NC: 293623, WV: WVS240303513

    Charlotte Uptown

  • Joce Messinger

    Senior Director Investments

    (843) 952-2255

    Email Joce

    License(s): SC: 80481, GA: 375018, NC: LC810

    Charleston

Broker of Record

  • Donald Gilchrist

    Senior Director Investments

    (919) 674-1104

    License(s): NC: 241055

    North Carolina

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