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INVESTMENT HIGHLIGHTS
INVESTMENT OVERVIEW
Marcus & Millichap is pleased to offer for sale a fee simple interest in the 115-unit, Red Roof Inn Johnson City, located inJohnson City, Tennessee. The subject property is ideally located on 2.04 acresand features 2 floors of well maintained guest rooms. The property is beingoffered with a minimal property improvement plan for a new investor. Commonarea amenities include free on-site parking, complimentary coffee & tea in thelobby, outdoor gazebo, vending machines, daily housekeeping, and a fax/photocopy machines. Each guest room is equipped with free Wi-Fi, microwave, refrigerator, flat-screen TV, desk with chair, clothes rack and a clock radio.
Nestled in the foothills of the scenic Appalachian Mountains, Johnson City, Tennessee combines big-city amenities, small-town Southern charm, and world-class outdoor recreation. Johnson City isknown for outdoor activities at Winged Deer Park, which offers boating and discgolf, and Buffalo Mountain Park, with trails and sweeping views. Johnson City
is the home of East Tennessee State University, a school of 12,000 students and amajor medical school and teaching hospital. The hotel is about 3.4 miles fromthe Johnson City Medical Center, 4 miles from East Tennessee State University, and less than 15 miles from Bristol Motor Speedway. Other attractions near thehotel include the Rocky Mount Museum, Jonesborough Historic District, and
Peerless shopping center.