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3236 Shulls Mill Rd
Boone, NC 28607
20 year NNN Leased- Regional Boutique Hotel · Hospitality Property For Sale · 30,396 SF
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Year Built/Renovated | 1949/2019 | |
| Building Class | B | Parking Ratio | 0.69/1,000 SF |
| Lot Size | 4.87 AC | Corridor | Interior |
| Building Size | 30,396 SF |
| Property Type | Hospitality |
| Property Subtype | |
| Building Class | B |
| Lot Size | 4.87 AC |
| Building Size | 30,396 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1949/2019 |
| Parking Ratio | 0.69/1,000 SF |
| Corridor | Interior |
Amenities
- Balcony
- Business Center
- Fitness Center
- Pool
- Restaurant
- Room Service
- High Speed Internet Access
- Patio
- On-Site Bar
- Boutique/Lifestyle Hotel
- Meeting Event Space
- Wedding Venue
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
About 3236 Shulls Mill Rd , Boone, NC 28607
The resort is the premier boutique hotel of the High Country, offering guests cozy accommodations, special packages, wedding venues and conference facilities. Enjoy unforgettable panoramic views, distinctive dining, celebrated local art and relaxing spa services all in one harmonious setting that's just minutes from the High Country's area attractions. This 45+/- suite property is a marquee property in it's market due to its unbeatable location. The operator is selling this asset under a 20 year triple-net lease, as a sale/leaseback transaction. The company is about to undertake a capital improvement campaign to renovate the property's landscaping, major systems, and interiors to position the property for the next 20 years of successful operation. The NNN lease will be subject to 8.5% rent increase very 5 years. This asset is being sold for property and FF&E value only- Seller is looking for an easy transaction with the right buyer.
PROPERTY TAXES
| Parcel Number | 1898-69-9980-000 | Improvements Assessment | $5,203,468 |
| Land Assessment | $681,280 | Total Assessment | $5,884,748 |
PROPERTY TAXES
zoning
| Zoning Code | C19 |
| C19 |
