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Hotel-Motel

Quality Inn Raleigh Near Walnut Creek Amphitheatre

4716 New Bern Ave, Raleigh, NC 27610

Listing Price: $4,650,000

Cap Rate
9.70%
Number of Rooms
60
RevPAR
$55
Price/Room
$77,500
RRM
3.87
Year Built
1996

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 60-unit, Quality Inn Raleigh Near Walnut Creek Amphitheatre, located in Raleigh, North Carolina. The subject property was built in 1996 and is situated two miles off Interstate-440 in a highly developed area with many restaurants and retail store fronts nearby. Common area amenities include complimentary breakfast, fitness center, business center, and meeting room. The property offers free on-site parking for guests with availability for bus and large truck parking as well. Each guest room comes equipped with free Wi-Fi, flat-screen HDTV, complimentary weekday newspaper, in-room coffee & tea maker, microwave, minifridge, iron & ironing board, and hairdryer. Guests can rent movies through their in-room TVs as well as enjoy the free movies provided with their stay. The Quality Inn is located about 5 miles outside of downtown Raleigh, with close proximity to all demand generators. Raleigh is one of the fastest-growing regions in the entire country and is the second biggest city in the state. The city has long been recognized for livability, career development and its high job growth. Most recently, Raleigh has been lauded as the number one place for business and career by Forbes. In 2018, Raleigh was named the # 1 U.S city for jobs boasting the best overall combination of job openings (24,146), population (1.2 Million), and a median base salary ($50,950). Some companies based in Raleigh include BB&T Insurance Services, Capitol Broadcasting Company, Carquest, First Citizens Bancshares, Golden Corral, Martin Marietta Materials, Red Hat, Waste Industries, and Lulu. A major demand generator for the area is North Carolina State University, located 8 miles from the hotel, which is ranked the number 1 North Carolina Public University and has an enrollment of over 23,500 students. For easy traveling to the area, the Raleigh-Durham International Airport is located just over 20 miles from the hotel.

Investment Highlights

  • Fee simple interest in the 60-unit, Quality Inn Raleigh Near Walnut Creek Amphitheatre, located in Raleigh, North Carolina
  • Situated 2 miles off Interstate-440 | High Visibility & Accessibility
  • Many restaurants and retail store located within 1 mile of the hotel
  • Raleigh-Durham International Airport is located just over 20 miles from the hotel
  • North Carolina State University, ranked the number 1 public university in North Carolina, is located 8 miles from the hotel
  • Downtown Raleigh is located 5 miles away | Close proximity to all demand generators

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s) NC: 303785

    North Carolina

Hotel-Motel

Quality Inn Raleigh Near Walnut Creek Amphitheatre

Listing Price: $4,650,000

Cap Rate
9.70%
Number of Rooms
60
RevPAR
$55
Price/Room
$77,500
RRM
3.87
Year Built
1996

Investment Highlights

  • Fee simple interest in the 60-unit, Quality Inn Raleigh Near Walnut Creek Amphitheatre, located in Raleigh, North Carolina
  • Situated 2 miles off Interstate-440 | High Visibility & Accessibility
  • Many restaurants and retail store located within 1 mile of the hotel
  • Raleigh-Durham International Airport is located just over 20 miles from the hotel
  • North Carolina State University, ranked the number 1 public university in North Carolina, is located 8 miles from the hotel
  • Downtown Raleigh is located 5 miles away | Close proximity to all demand generators

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 60-unit, Quality Inn Raleigh Near Walnut Creek Amphitheatre, located in Raleigh, North Carolina. The subject property was built in 1996 and is situated two miles off Interstate-440 in a highly developed area with many restaurants and retail store fronts nearby. Common area amenities include complimentary breakfast, fitness center, business center, and meeting room. The property offers free on-site parking for guests with availability for bus and large truck parking as well. Each guest room comes equipped with free Wi-Fi, flat-screen HDTV, complimentary weekday newspaper, in-room coffee & tea maker, microwave, minifridge, iron & ironing board, and hairdryer. Guests can rent movies through their in-room TVs as well as enjoy the free movies provided with their stay. The Quality Inn is located about 5 miles outside of downtown Raleigh, with close proximity to all demand generators. Raleigh is one of the fastest-growing regions in the entire country and is the second biggest city in the state. The city has long been recognized for livability, career development and its high job growth. Most recently, Raleigh has been lauded as the number one place for business and career by Forbes. In 2018, Raleigh was named the # 1 U.S city for jobs boasting the best overall combination of job openings (24,146), population (1.2 Million), and a median base salary ($50,950). Some companies based in Raleigh include BB&T Insurance Services, Capitol Broadcasting Company, Carquest, First Citizens Bancshares, Golden Corral, Martin Marietta Materials, Red Hat, Waste Industries, and Lulu. A major demand generator for the area is North Carolina State University, located 8 miles from the hotel, which is ranked the number 1 North Carolina Public University and has an enrollment of over 23,500 students. For easy traveling to the area, the Raleigh-Durham International Airport is located just over 20 miles from the hotel.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s): NC: 303785

    North Carolina

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