Franchise Hotel Kent WA

Description

Major Exit of Hwy 167 to Kent City, at the cent of Business and Industrial District, the price includes the restaurant property which is leased out, Aprox. $100,000/year from the restaurant, 2 story, three  buildings including restaurant, mixed with interior and exterior corridor, lot size 3.81, great re development potential

Essential Information

  • Property Type Hospitality
  • Asking Price 10,000,000
  • Number of Unit 125
  • Room revenue 2,400,000
  • ADR 80
  • Occupancy(%) 60%
  • Yearly NOI 1,100,000
  • Cap Rate 9
  • Year Built 1987
  • Year Remodel 2011
  • # of buildings 3
  • Building Size 60,500
  • Lot Size (acres) 3.81
  • Franchise or Non franchise Franchise
  • Interior corridor or exterior corridor Interior Corridor
  • Tenancy Restaurant
  • Number of Tenants 1
  • Gross Rental Income 100,000
  • Available SF 56130
  • Rent SF 5400