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9500 E Talking Stick Way - TopGolf - Scottsdale

65,000 SF Sports & Entertainment Building Offered at $6,075,178 at a 6% Cap Rate in Scottsdale, AZ 85256

Investment Highlights

  • Term: 10.5 years remaining
  • Underlying Long term ground lease with SRP-MIC Remaining Term: 64 Years
  • Located within the Salt River Pima Maricopa Indian Community Entertainment Corridor with over 10M annual visits
  • 16.5 Acres of land along the 101 highway
  • Over $20M initial improvement cost by tenant in 2014

Executive Summary

Term: 10.5 years remaining
16.5 Acres of land along the 101 highway
Underlying Long term ground lease with SRP-MIC Remaining Term: 64 Years
Located within the Salt River Pima Maricopa Indian Community Entertainment Corridor with over 10M annual visits
Generational quality asset
Over $20M initial improvement cost by tenant in 2014

Attachments

TopGolf Brochure

Property Facts

Price $6,075,178
Price Per SF $93
Sale Type Investment
Cap Rate 6%
Sale Conditions
1031 Exchange
  • Ground Lease (Leasehold)
Property Type Sports & Entertainment
Property Subtype Golf Course/Driving Range
Building Class B
Lot Size 16.50 AC
Building Size 65,000 SF
No. Stories 3
Year Built 2014
Tenancy Single
Parking Ratio 3.85/1,000 SF
Opportunity Zone Yes

Amenities

  • Wheelchair Accessible
  • Lounge
  • Air Conditioning
  • Smoke Detector

zoning

Zoning Code C-2/C-3 (Commercial)
C-2/C-3 (Commercial)
  • Listing ID: 30900603

  • Date on Market: 2/7/2024

  • Last Updated:

  • Address: 9500 E Talking Stick Way, Scottsdale, AZ 85256

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