14362 Lincoln Way - Hospitality FOR SALE


Thornton, CO 80023- Greater Thornton
$11,000,000 USD
303-328-2050
14362 Lincoln Way, Thornton, CO for Sale
$11,000,000 USD
Hospitality - FOR SALE
1/15
null | 8.4% Cap Rate

14362 Lincoln Way
Thornton, CO 80023
Greater Thornton


HIGHLIGHTS

  • 83 Key IHG Branded Extended Stay Hotel - All units contain full kitchenettes to service extended stay clientele
  • Outperforming property's STR Comp Set - Ranked 1 of 8
  • Positive RevPAR growth year over year - Over $10 increase in RevPAR since 2019
  • Strong in-place debt coverage ratio which allows for SBA or Conventional financing
  • Located off the I-25, providing easy access for transient travelers and highway visibility which sees 70,000 VPD Located off the I-25, providing easy
  • City of Thornton has invested $100M+ in infrastructure development for significant upcoming population growth

OVERVIEW

To view our offering summary and due diligence, please visit https://candlewoodsuitesdenvernorth.sharplaunch.com/ or contact Josh Tammen at (480) 567-6853 Marcus & Millichap has been chosen to exclusively market for the sale of the Candlewood Suites Denver North - Thornton, located in Thornton, Colorado. This property is a 3-story, interior corridor hotel with 83 rooms, Conveniently Located off I-25, providing easy access for transient travelers and highway visibility which sees 70,000 VPD. Candlewood Suites Denver North serves the Northglenn, Westminster, Thornton, and greater Denver areas, offering a convenient location just off exit 226 on I-25 and 144th Avenue. This prime spot provides an easy commute to downtown Denver, where guests can explore a variety of attractions, including restaurants, nightlife, museums, and more. For those seeking a more relaxed experience, the Orchard Outlet Shopping Area and Cabela's are just a mile away. For adventure seekers, the Rocky Mountains offer opportunities for hiking, rock climbing, biking, or simply enjoying a walk with a pet. Candlewood Suites Denver North is the ideal destination for both business and leisure travelers, located only 25 miles from Denver International Airport (DEN). With all the amenities guests need, Candlewood Suites ensures a comfortable and convenient stay, offering a true home away from home experience.

FOR SALE DETAILS

PRICE

$11,000,000 USD

PRICE/SF

$209 USD /SF

# OF ROOMS

83

PRICE/ROOM

$132,530 {currency}

CAP RATE

8.4%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Candlewood Suites Denver North - Thornton

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2016

PARKING SPACES

82

LAND DETAILS

LAND ACRES

1.93 AC

LAND SF

84,050 SF

ZONING

Commercial

APN/PARCEL ID

R0186472

ASK ABOUT THIS PROPERTY

Adam LewisMarcus & MillichapMore Info
303-328-2050

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

Adam LewisMarcus & MillichapMore Info
303-328-2050

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