2900 PHILLIPS DR

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2900 PHILLIPS DR

JONESBORO, AR 72401-7340
Asking Price
$7.20M
Asset Type
Hotel Hospitality
Class
Class B

What's Special

Fully Renovated 62-Room Hampton Inn | Prime I-555 Location in University & Medical Hub <p>Highly visible Hampton Inn in Jonesboro’s primary lodging node, serving the region’s hub for higher education (Arkansas State University), healthcare (two major hospital systems), manufacturing, and I-555 freight traffic.</p><p></p><p>Excellent Hampton by Hilton flag with strong loyalty program, national reservation system, indoor pool, fitness center, and complimentary hot breakfast.</p><p></p><p>Strategically located immediately off I-555 / US 63 at the Stadium Boulevard exit within an esta

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NOI
$80,000
Cap Rate
1.11%
DSCR
0.19
Underwater
Cash-on-Cash
-16.09%
Monthly Payment
$35,621.672
Annual Cash Flow
$-347,460.059

Location & Travel Times