Westin Hotel with Absolute NNN
For Sale
Contact for pricing
Pending
11 E 7th St, Tempe, AZ 85281
Completed in 2021, this 17-story hospitality property sits directly beside Arizona State University in Tempe.
Property Size290,838 SF
Lot Size0.85 Acres
Days on Market143
Property Features for 11 E 7th St
General Information
Standard status
Pending
Size
290,838 SF
Lot size
0.85 Acres
Property subtype
Hospitality
Additional Details
Road Access
Yes
Building Details
Year Built
2021
Buildings
1
Stories
17
Tenancy
Single
Listing Agency:
Colliers - Phoenix, Arizona
(949) 724-5561
Listed By:
Paul Holland · License #SA022775000
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 31 at 1:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Phoenix, Arizona
Investment Insights
Based on property information with market context.
The Westin Tempe is a 290-key, 4-star hotel completed in 2021. The property occupies a 17-story building totaling 290,838 SF on a 0.85-acre parcel. Its absolute NNN lease carries a 25-year primary term, four additional five-year options, and 2% annual rent increases. The lease is backed by a strong multi-unit franchisee.
Positioned on E 7th Street, the hotel has access from S Mill Ave and E University Drive, where combined traffic exceeds 54,500 VPD. Arizona State University is directly adjacent, with enrollment exceeding 112,100 students. Phoenix Sky Harbor International Airport is 10 minutes away, and a Valley Metro Rail station is located ¼ mile from the property.
Additional nearby destinations include Sun Devil Football Stadium, Desert Financial Arena, Sloan Park, ASU Gammage Performing Arts Center, Tempe Town Lake, and the US Airways headquarters. The Westin brand is part of Marriott International’s hospitality portfolio.
Positioned on E 7th Street, the hotel has access from S Mill Ave and E University Drive, where combined traffic exceeds 54,500 VPD. Arizona State University is directly adjacent, with enrollment exceeding 112,100 students. Phoenix Sky Harbor International Airport is 10 minutes away, and a Valley Metro Rail station is located ¼ mile from the property.
Additional nearby destinations include Sun Devil Football Stadium, Desert Financial Arena, Sloan Park, ASU Gammage Performing Arts Center, Tempe Town Lake, and the US Airways headquarters. The Westin brand is part of Marriott International’s hospitality portfolio.
Key Highlights
- 290‑key, 4‑star hotel completed in 2021
- 290,838 SF, 17‑story building on a 0.85‑acre parcel
- Absolute NNN lease with a 25‑year primary term and four 5‑year options
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,237
Businesses Nearby
Explore this area
Business Placement
Demographics for 85281, AZ
69,218
Population
32,475
Households
2.1
Avg Household Size
26
Median Age
49%
College-Educated
91%
High-School Grad
13.3 sq mi
ZIP Area
5,204
Density / Sq Mi
$59,084
Median Household Income
$32,805
Median Earnings
$1,531
Median Rent
$364,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Completed in 2021, this 17-story hospitality property sits directly beside Arizona State University in Tempe.
Where is this hotel located?
The property is located at 11 E 7th St Tempe, AZ.
What are key features of this property?
This property features: 290‑key, 4‑star hotel completed in 2021; 290,838 SF, 17‑story building on a 0.85‑acre parcel; Absolute NNN lease with a 25‑year primary term and four 5‑year options
