Gateway Inn at Mt Rainier

30 Room Hotel | Ashford, WA 98304 | $3,870,000 ($129,000/Room) | 6.20% Cap Rate

Asking Price $3,870,000

Property Type: Hospitality
Square Feet: 13,367 SF

Listing Contacts

David Gellner

Verified Profile

Parker Ksidakis

Verified Profile

Property Info

Property Overview

Kidder Mathews is pleased to present the opportunity to acquire the sale-leaseback of the Gateway Inn, an absolute NNN leased
investment located at the entrance to Mt. Rainier National Park.

Property Details

Class: C
Year Built/Renovated: 1924/1986
Stories: 2
Property Subtype: Hotel
Lot Size (sq. ft): 117,612 SF
Units: 30

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

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