5090 Copper Creek Blvd - Hospitality FOR SALE


Millington, TN 38053
$12,900,000 USD
901-674-6105
5090 Copper Creek Blvd, Millington, TN for Sale
$12,900,000 USD
Hospitality - FOR SALE
1/17
null | 10.47% Cap Rate

5090 Copper Creek Blvd
Millington, TN 38053


OVERVIEW

• This hotel features 98 rooms in a 4-story interior corridor layout, originally built in 2008. • The property was renovated in 2020 with a modern Formula Blue design. • The hotel generated $3.066M Room Revenue in 2024, with an additional $42,000 in other revenue. A temporary electrical outage in the area due to the weather resulted in an approx. $50,000 revenue loss. • 2023 Roof Revenue of $3.311M with strong NOI of $1.3M, up 46% from 2022. • Fully staffed with a GM, offering potential upside for owner-operators. • Prime location in Millington, a rapidly growing suburb North of Memphis, known for its safety and family-friendly environment, benefiting from major developments and high visibility off US Route 51 and close to the future exit for I-269 a Highway from Canada to Mexico. • Over $1.4 billion in planned developments, low property taxes, and minimal traffic congestion make Millington attractive for business and tourism growth. • Strong demand drivers: close to NSA Mid-South Naval Base, Memphis International Airport, unprecedented residential and commercial growth, Industrial Plants, New and expanding regional sports complex and leisure attractions in Metro Memphis area.

FOR SALE DETAILS

PRICE

$12,900,000 USD

PRICE/SF

$202 USD /SF

# OF ROOMS

98

PRICE/ROOM

$131,633 {currency}

CAP RATE

10.47%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Inn Express

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2008

PARKING SPACES

200

LAND DETAILS

LAND ACRES

2.54 AC

LAND SF

110,642 SF

ZONING

B-2

APN/PARCEL ID

M0-115-0-0963

ASK ABOUT THIS PROPERTY

Suresh PatelMoon Realty USA, LLCMore Info
901-674-6105

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Suresh PatelMoon Realty USA, LLCMore Info
901-674-6105

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