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38820 WA-706
Ashford, WA 98304

$3,870,000 USD

Hotel For Sale • 13,367 SF

Property Details

Property Type Hotel
Total Building Size 13,367 SF
Lot Size 2.7 AC
Building Class C
Year Built 1924
Cap Rate 6.20 %
Tenancy Multiple
Zoning TC

0 Transit Score

0 Walk Score

                
                    Highlights
                
                                Absolute NNN lease structure with zero landlord responsibilities
                            
                                10 year firm term lease with 3% annual increases
                            
                                Located 50 ft from the entrance of Mt. Rainier National Park which saw over 2.5M visitors in 2023
                            
                                Year-round lodging available, with an assortment of guest rooms and amenities
                            
                                Tenant has operated the property since 1989

Property Flyers

Gateway Inn OM_email

Cap Rate:

6.20 %

Amenities

On-Site Retail
High Speed Internet Access
Patio
Public Access Wifi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	15
Type:	Surface
Included in Rent:	Yes

David Gellner 206-747-4338 Kidder Mathews

38820 WA-706 Ashford, WA 98304