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Hotel-Motel

Sleep Inn Kernersville I-40

1406 Heartland Dr, Kernersville, NC 27284

Listing Price: $7,995,000

Cap Rate
9.44%
Number of Rooms
104
RevPAR
$53
Gross SF
42,342
Price/Room
$76,875
Price/Gross SF
$188.82
Year Built
1995

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 104-unit, two-story, Sleep Inn by Choice located in Kernersville, North Carolina. This well-appointed hotel was constructed in 1995 and is centrally located between Winston-Salem, a short 15-minute drive, and Greensboro, which is just over 20 minutes away. This convenient location directly off Interstate-40 provides access to several neighboring cities and plenty of attractions including Wake Forest University, Winston-Salem State University, Salem College, Hanes Mall, and the Bowman Gray Stadium. Each guest room features complimentary high-speed Wi-Fi, ?at-screen HDTV, desk with chair, in-room coffee maker, ironing amenities, and hair dryer. Other complimentary amenities include hot breakfast and on-site parking.

Investment Highlights

  • Fee-simple interest in the 104-unit, two-story, interior corridor Sleep Inn Kernersville located in North Carolina
  • Strategically located and easily accessible directly off Interstate 40 in the Triad, which consists of the metro area of Greensboro, Winston-Salem and High Point
  • Proximate to all regional demand including the Kernersville VA Health Care Center, Piedmont Triad International Airport and Triad Guilford Courthouse National Military Park
  • Wake Forest Atrium Baptist Medical Center (14 miles), 885-bed hospital that includes Atrium health Levine Children's Brenner Children's Hospital

Exclusively Listed By

Broker of Record

  • Donald Gilchrist

    First Vice President Investments

    (919) 674-1104

    License(s) NC: 241055

    North Carolina

Financing By

Hotel-Motel

Sleep Inn Kernersville I-40

Listing Price: $7,995,000

Cap Rate
9.44%
Number of Rooms
104
RevPAR
$53
Gross SF
42,342
Price/Room
$76,875
Price/Gross SF
$188.82
Year Built
1995

Investment Highlights

  • Fee-simple interest in the 104-unit, two-story, interior corridor Sleep Inn Kernersville located in North Carolina
  • Strategically located and easily accessible directly off Interstate 40 in the Triad, which consists of the metro area of Greensboro, Winston-Salem and High Point
  • Proximate to all regional demand including the Kernersville VA Health Care Center, Piedmont Triad International Airport and Triad Guilford Courthouse National Military Park
  • Wake Forest Atrium Baptist Medical Center (14 miles), 885-bed hospital that includes Atrium health Levine Children's Brenner Children's Hospital

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 104-unit, two-story, Sleep Inn by Choice located in Kernersville, North Carolina. This well-appointed hotel was constructed in 1995 and is centrally located between Winston-Salem, a short 15-minute drive, and Greensboro, which is just over 20 minutes away. This convenient location directly off Interstate-40 provides access to several neighboring cities and plenty of attractions including Wake Forest University, Winston-Salem State University, Salem College, Hanes Mall, and the Bowman Gray Stadium. Each guest room features complimentary high-speed Wi-Fi, ?at-screen HDTV, desk with chair, in-room coffee maker, ironing amenities, and hair dryer. Other complimentary amenities include hot breakfast and on-site parking.

Exclusively Listed By

Broker of Record

  • Donald Gilchrist

    First Vice President Investments

    (919) 674-1104

    License(s): NC: 241055

    North Carolina

Financing By

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