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3236 Shulls Mill Rd
Boone, NC 28607
Inn at Crestwood | 20 Year NNN Sale Leaseback · Hospitality Property For Sale · 30,396 SF
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Year Built/Renovated | 1949/2019 | |
| Building Class | B | Parking Ratio | 0.69/1,000 SF |
| Lot Size | 4.87 AC | Corridor | Interior |
| Building Size | 30,396 SF |
| Property Type | Hospitality |
| Property Subtype | |
| Building Class | B |
| Lot Size | 4.87 AC |
| Building Size | 30,396 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1949/2019 |
| Parking Ratio | 0.69/1,000 SF |
| Corridor | Interior |
Amenities
- Balcony
- Business Center
- Fitness Center
- Pool
- Restaurant
- Room Service
- High Speed Internet Access
- Patio
- On-Site Bar
- Boutique/Lifestyle Hotel
- Meeting Event Space
- Wedding Venue
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
About 3236 Shulls Mill Rd , Boone, NC 28607
Retail Investment Group is pleased to be the exclusive listing agent for Inn at Crestwood in Boone, North Carolina. This property is an absolute NNN sale leaseback that will expire 20 years from the close of escrow. There are 2 (5)-year options and 8.5% increases every five years. The Inn is ±23,000 square feet and sits on ±7.01 acres of land. Considered a “boutique hotel” it is three stories with 45 rooms. The property was built in 2001 and received renovations in 2019. More renovations are set to occur after close of escrow with sale proceeds (estimated at $500,000). The property’s guarantor and lessee is Mount Royal Vacations. The operator has occupied the property since its construction. The Inn generates income through daily rates, the spa, dining, weddings and corporate events.
PROPERTY TAXES
| Parcel Number | 1898-69-9980-000 | Improvements Assessment | $3,659,260 |
| Land Assessment | $479,100 | Total Assessment | $4,138,360 |
PROPERTY TAXES
zoning
| Zoning Code | C19 |
| C19 |
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