Motel 6 and Centerstone Inn
For Sale
Contact for pricing
16102 Theme Park Way, Doswell, VA 23047
Long-term NNN sale-leaseback structure includes renewal options and scheduled 8.5% increases.
Property SizeContact for details
Days on Market145
Property Features for 16102 Theme Park Way
General Information
Standard status
Active
Property subtype
Hospitality, Retail
Listing Agency:
Retail Investment Group LLC
Listed By:
Steven Davis · License #AZ BR101032000
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 29 at 10:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Retail Investment Group LLC
Investment Insights
Based on property information with market context.
This hospitality offering includes two branded lodging properties: Motel 6 and Centerstone Inn. The assets are located at 16102 Theme Park Way in Doswell, Virginia, providing an established lodging presence near King's Dominion theme park.
The transaction is structured as a sale-leaseback with a new 20-year lease term beginning at the close of escrow. The lease provides four additional 5-year options and includes 8.5% increases during the initial term and option periods. After the lease has operated for a minimum of five years, the tenant may exercise a right to buy back the real estate.
The transaction is structured as a sale-leaseback with a new 20-year lease term beginning at the close of escrow. The lease provides four additional 5-year options and includes 8.5% increases during the initial term and option periods. After the lease has operated for a minimum of five years, the tenant may exercise a right to buy back the real estate.
Key Highlights
- Motel 6 and Centerstone Inn included in one hospitality offering
- New 20‑year NNN lease term begins at the close of escrow
- Four additional 5‑year renewal options
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
159
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 23047, VA
2,064
Population
830
Households
2.5
Avg Household Size
48
Median Age
48%
College-Educated
96%
High-School Grad
43.1 sq mi
ZIP Area
48
Density / Sq Mi
$81,203
Median Household Income
$42,403
Median Earnings
$1,180
Median Rent
$419,200
Median Home Value
Questions? Ask Rey
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Similar Off Market Nearby
- Peanuts Showplace — kingsdominion, Doswell, VA 23047
- Red Roof Inn Doswell – Kings Dominion — 16116 Theme Park Way, Doswell, VA 23047
- Days Inn by Wyndham Doswell / Kings Dominion Area — 16102 Theme Park Way, Doswell, VA 23047
- Hotel Doswell Kings Dominion — 10222 Kings Dominion Blvd, Doswell, VA 23047
- OYO Hotel Doswell Kings Dominion — 10222 Kings Dominion Blvd, Doswell, VA 23047
Frequently Asked Questions
What type of property is this?
Motel - Long-term NNN sale-leaseback structure includes renewal options and scheduled 8.5% increases.
Where is this motel located?
The property is located at 16102 Theme Park Way Doswell, VA.
What are key features of this property?
This property features: Motel 6 and Centerstone Inn included in one hospitality offering; New 20‑year NNN lease term begins at the close of escrow; Four additional 5‑year renewal options
