1000 Herschel Dr - Hospitality FOR SALE


Mount Juliet, TN 37122
$6,800,000 USD
615-739-3000
1000 Herschel Dr, Mount Juliet, TN for Sale
$6,800,000 USD
Hospitality - FOR SALE
1/6
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1000 Herschel Dr
Mount Juliet, TN 37122


HIGHLIGHTS

  • Downtown Nashville – 15 miles
  • Exceptional Location: High-traffic corridor with visibility to 22,000+ VPD and proximity to major retail, airport, and corporate demand drivers.
  • Airport-10 miles
  • Outdoor Pool
  • Providence Marketplace – 1/2 mile, featuring top-tier national retailers- Belk, Dicks Sporting Goods, Target, BestBuy, Regal Cinemas, Olive Garden
  • Ample on-site parking (89 spaces)

OVERVIEW

***85 Rooms ***38,159 SF ***Land Acres: 1.73 AC ***Class: Midscale ***Story: 3 Story ***Year: 2000/2025 Remodel ***ADR: $96 Presenting an exceptional opportunity to acquire an 85-key, Choice Hotels branded asset offering dual-flag potential as either a Quality Inn & Suites or Sleep Inn. The hotel is currently undergoing renovations, giving investors the flexibility to complete a value-add repositioning or acquire the property post-renovation at a higher price point. The asset includes 38,159 SF of gross building area on a 1.73-acre site with 89 on-site parking spaces. Strategically located just off Interstate 40 and Mt. Juliet Rd., the property benefits from excellent visibility to over 22,000 vehicles per day, capturing both transient and regional demand. The site’s proximity to major thoroughfares ensures strong accessibility and brand exposure. This absentee-owned property is well-positioned for new ownership to drive performance through active management, renovation completion, and revenue optimization. The submarket is supported by a diverse demand base and continues to experience strong growth in both leisure and corporate travel. Key local drivers include: ***Downtown Nashville – 15 miles ***Nashville International Airport (BNA) – 10 miles ***Opry Mills Mall & Gaylord Opryland – 16 miles ***Providence Marketplace – 1/2 mile, featuring top-tier national retailers- Belk, Dicks Sporting Goods, Target, BestBuy, Regal Cinemas, Olive Garden, Red Lobster etc. ***Amazon Distribution Hub – nearby, boosting weekday corporate stays ***Newly Renovated items to date: All-new mechanical, plumbing, electrical, trusses, and interiors offer future-proofing and lower capex over the next 10–15 years. ***CHOICE Branded Hotel: Option to continue leveraging the mid-level branding and reservation platform. ***Exceptional Location: High-traffic corridor with visibility to 22,000+ VPD and proximity to major retail, airport, and corporate demand drivers. ***Absentee Ownership: Operational inefficiencies present an opportunity to increase NOI through active hands-on management.This is an option to purchase “as-is” or at a significantly higher price upon completion.Occupying a high-visibility parcel with direct frontage on Mt. Juliet Rd., the property leverages excellent signage exposure and ingress/egress from I-40, drawing traffic from a strong regional corridor. The surrounding retail, entertainment, and logistics infrastructure drives a year-round guest base consisting of both leisure travelers and corporate accounts.Property amenities include: ***Outdoor pool ***Business center ***High-speed Wi-Fi throughout ***Ample on-site parking (89 spaces) The hotel’s affiliation with the Choice Hotels system provides a strong marketing and reservation platform, loyalty program access, and national brand recognition—key components for revenue capture and guest retention. With robust area demographics, proximity to Nashville’s expanding footprint, and substantial in-place infrastructure, this investment offers both immediate cash flow potential and long-term value creation in one of Middle Tennessee’s most dynamic hospitality corridors.

FOR SALE DETAILS

PRICE

$6,800,000 USD

PRICE/SF

$178 USD /SF

# OF ROOMS

85

PRICE/ROOM

$80,000 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Herschel Drive Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2000

PARKING SPACES

89

LAND DETAILS

LAND ACRES

1.73 AC

LAND SF

75,359 SF

ZONING

CI

APN/PARCEL ID

096-003.02

ASK ABOUT THIS PROPERTY

Linda ByrdNextHome Music City RealtyMore Info
615-739-3000

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Linda ByrdNextHome Music City RealtyMore Info
615-739-3000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.