200 McBride Ln - Hospitality FOR SALE


Gretna, VA 24557
$11,000,000 USD
707-364-5650
200 McBride Ln, Gretna, VA for Sale
$11,000,000 USD
Hospitality - FOR SALE
1/4
null | 10.72% Cap Rate

200 McBride Ln
Gretna, VA 24557


HIGHLIGHTS

  • Exceeded $2,750,000 in room revenue for 2024, reflecting robust demand and operational efficiency.
  • Only hotel in the vicinity of the Centra Gretna Medical center with zero competition.
  • Strategically situated off Highway 29 offering excellent visibility.
  • Ranked 1 out of 6 in the competitive set for occupancy, per the December 2024 STR Report.
  • Close to Caesars Virginia Casino Resort, Smith Mountain Lake, and Hargrave Military Academy.

OVERVIEW

Mitchell Glasson of Matthews Real Estate Investment Services is pleased to present the exclusive listing for the opportunity to acquire the Hampton Inn in Gretna, VA. The hotel was constructed in 2009 and branded as a Hampton during Covid with the Hampton PIP fully completed in 2022. Since then, the hotel has stabilized and dominated its comp set as the only hotel next to the Gretna Medical Center with zero surrounding competition.Gretna, VA, is strategically located approximately 50 miles from Lynchburg, VA, 60 miles from Greensboro, NC, and 90 miles from Raleigh, NC, offering easy access to major metropolitan areas 2024 Operating Overview -ADR & Occupancy: $110.42 & 83.80% -Total Revenue: $2,806,382 -Owner’s Actual 2024 Net Operating Income: $1,190,675 -NOI Less 4% FF&E, 3% MGMT, & Reassessed Property Taxes: $969,974 This is an exclusive listing - Do not contact the owner, staff, or go to the property without scheduling a tour directly with the listing agent, Mitch Glasson. Contact Mitch for the full Due Diligence folder and click the link for the Offering Memorandum in the ‘Investment Highlights’ section. Kyle Matthews License No. 226035518 (VA) (866) 889-0550 Matthews Real Estate Investment Services, Inc 1600 West End, Ste. 1500 Nashville, TN 37203

FOR SALE DETAILS

PRICE

$11,000,000 USD

PRICE/SF

$418 USD /SF

# OF ROOMS

81

PRICE/ROOM

$135,802 {currency}

CAP RATE

10.72%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hampton by Hilton Gretna

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2008

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.25 AC

LAND SF

98,010 SF

ZONING

M-1

APN/PARCEL ID

2520-67-4323

ASK ABOUT THIS PROPERTY

Mitchell GlassonMatthews Real Estate Investment ServicesMore Info
707-364-5650

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Mitchell GlassonMatthews Real Estate Investment ServicesMore Info
707-364-5650

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