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Marriott Hotel
Tempe, AZ 85281 Apache

$7,500,000 USD

Hotel For Sale  •  40,408 SF

Property Details

  • Property Type Hotel
  • Total Building Size 40,408 SF
  • Lot Size 2.62 AC
  • Building Class B
  • Year Built 2024
  • Cap Rate 3.53 %
  • Zoning PCC2
46 Transit Score
52 Walk Score

Highlights

Generational Once-in-a-Lifetime Brand New 99 Year Absolute NNN Ground Lease by Marriott Hotel
Brand New 2021 Prototype Construction - Fairfield & Townplace Suites Flags - Annual 2% Rent Bumps
Irreplaceable Locations in Front of Tempe Marketplace - Premiere Retail District within Tempe AZ
Zero LL Duties - Longest Primary Term in Retail - Very Low Downside Risk (Value of Improvements)
Part of Arizona State University Trade Area (55K+ Students) - Tremendous Technology West Coast Hub
Marriott International Inc. (NASDAQ: MAR) is Global Lodging Leader (7600+) - Iconic World Brand!
Cap Rate: 3.53 %

Amenities

  • Fitness Center
  • Pool
  • Restaurant
  • High Speed Internet Access
  • Patio
  • On-Site Bar
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free
  • Hot Tub

Public Transportation

AirportDriveWalkDistance
Phoenix Sky Harbor International 12 min - 6.8 mi
Phoenix-Mesa Gateway 33 min - 22.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 170
Type: Surface
Included in Rent: Yes
Eric Carlton 949-903-3399 Colliers
Eric Carlton 949-903-3399 Colliers