Detailed Information
Location
Property Highlights
- Fee simple interest in the 100-room Red Roof Inn Grand Junction by Red Roof
- CAP Rate of 10.59% on 2022 YE performance
- Property is being offered for sale through a traditional marketing process at a significant discount to replacement cost
- Available unencumbered of management and debt with ability to retain the Red Roof flag
- Strong in-place performance and positive cash flow making the asset readily financeable
- 5 year lease with established restaurant providing additional cash flow and also bringing in additional nightly guests
- 7000 sq/ft warehouse space that can be leased for additional cash flow
- Office space available for rent providing additional cash flow
- Located at the intersection of the I70 and US 50 with excellent visibility in a high traffic location
- Property is ideally positioned on a nearly 6 acre parcel directly on US HWY 50
- I-70 is the second most trafficked highway in the state and is the primary access for vehicles entering the state