8255 E. Raintree Dr, Suite 100 - Scottsdale, AZ 85260
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Day's Inn | Mystic, CTsale

Day's Inn | Mystic, CT

, For Sale.
$6,675,000

Investment Highlights

  • Sale-Leaseback, Absolute NNN

  • New 20 Year Lease Begins @ COE

  • Current Remodel & Renovation Underway

  • Attractive Lease Rate Increase

  • Fully Interior Corridors – Highly Sought After

  • 120 Rooms, 2 Floors

  • Subsidiary of Wyndham Worldwide

  • Outdoor Pool

  • Near the Largest Maritime Museum in the U.S.

  • Close Proximity to Mystic Aquarium (700,000+ Annual Visitors)

Investment Summary

CAP Rate: 7.95%
Lessee: Innovative Investments, LLC – www.innin.com
Building Size: ±51,732 Square Feet
Lease Expiration: 12/31/2037
Lease Options: 4 x 5 Year Options
NOI: $530,771
Lease Type: Absolute NNN Lease
Increases: 8.5% Every 5 Years

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More Information

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