The Inn at Crestwood Boutique
For Sale
Contact for pricing
3236 Shulls Mill Rd, Boone, NC 28607
Three-story lodging property with 45 rooms and renovations completed in 2019.
Property Size23,000 SF
Lot Size7.01 Acres
Days on Market144
Property Features for 3236 Shulls Mill Rd
General Information
Standard status
Active
Size
23,000 SF
Lot size
7.01 Acres
Property subtype
Hospitality
Building Details
Year Built
2001
Year Renovated
2019
Stories
3
Tenancy
Single
Listing Agency:
Trilogy Core LLC
Listed By:
Mark McLoone · License #TX 809405
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 12:32AM
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 Trilogy Core LLC
Investment Insights
Based on property information with market context.
The Inn at Crestwood is a three-story hotel comprising approximately 23,000 square feet on approximately 7.01 acres. The property includes 45 rooms and was constructed in 2001, with renovations completed in 2019. Additional renovations are planned after closing using sale proceeds.
The offering is structured as an absolute NNN sale leaseback with a lease expiring 20 years from the close of escrow. The agreement includes 2 (5)-year options and 8.5% increases every five years. Mount Royal Vacations serves as both guarantor and lessee and has operated the property since construction.
Revenue sources identified for the hotel include daily room rates, spa services, dining, weddings, and corporate events.
The offering is structured as an absolute NNN sale leaseback with a lease expiring 20 years from the close of escrow. The agreement includes 2 (5)-year options and 8.5% increases every five years. Mount Royal Vacations serves as both guarantor and lessee and has operated the property since construction.
Revenue sources identified for the hotel include daily room rates, spa services, dining, weddings, and corporate events.
Key Highlights
- Approximately 23,000 square feet on approximately 7.01 acres
- 45‑room, three‑story hotel built in 2001
- Renovations completed in 2019
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Explore this area
Business Placement
Demographics for 28607, NC
35,495
Population
16,726
Households
2.1
Avg Household Size
27
Median Age
54%
College-Educated
92%
High-School Grad
101.7 sq mi
ZIP Area
349
Density / Sq Mi
$44,132
Median Household Income
$13,485
Median Earnings
$1,081
Median Rent
$339,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Three-story lodging property with 45 rooms and renovations completed in 2019.
Where is this hotel located?
The property is located at 3236 Shulls Mill Rd Boone, NC.
What are key features of this property?
This property features: Approximately 23,000 square feet on approximately 7.01 acres; 45‑room, three‑story hotel built in 2001; Renovations completed in 2019
