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)
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.

