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