9500 E Talking Stick Way - Sports and Entertainment FOR SALE


Scottsdale, AZ 85256
$5,985,296 USD
602-538-7155
9500 E Talking Stick Way, Scottsdale, AZ for Sale
$5,985,296 USD
Sports and Entertainment - FOR SALE
1/12
null | 7.25% Cap Rate

9500 E Talking Stick Way
Scottsdale, AZ 85256


HIGHLIGHTS

  • This incredible offer provides investors with the chance to purchase the #1 TopGolf location in Arizona and one of the top locations in the country.
  • Situated within the Talking Stick Entertainment District, the property sits near the Arizona Boardwalk and Talking Stick Resort Hotel and Casino.
  • Located adjacent to Salt River Fields stadium complex, the spring facility for the Arizona and Colorado MLB teams with 500k+ annual visitors.
  • A long running lease with a national credit, globally recognized tenant cements this as a highly efficient, low maintenance investment.
  • This is the lowest priced TopGolf location available for sale in the market, establishing this opportunity as a true rarity.
  • A rapidly growing population of over 149k live within 5 miles of the property, delivering $1.6B in entertainment/hobby spending during 2024.

OVERVIEW

This rare opportunity allows investors to acquire the #1 TopGolf location in Arizona and one of the top locations in the country at 9500 E Talking Stick Way. Comprising a total of 65,000 square feet on 16.52 acres, the facility was built in 2014 on a ground lease running through 2088. TopGolf, a globally recognized entertainment brand with more than 100 worldwide locations, delivers a premium credit tenant on a lease through 2034 with 5 five-year options. The new owner’s only responsibilities with be for the property insurance and ground rent, establishing this as a lucrative, low maintenance investment. Ideally placed within the Talking Stick Entertainment District, 9500 E Talking Stick Way ensures continued success with proximity to the area’s top demand drivers. The region is home to The Pavilions at Talking Stick, offering 1.1 million square feet of first-class restaurants and retailers, providing a diverse array of dining and shopping options for businesses at the subject property. The development is home to the Talking Stick Resort, a 240,000 square foot luxury hotel and casino with almost 500 guest rooms. Significant traffic also flows to the region thanks to the Salt River Fields stadium complex, the spring training facility for the Arizona Diamondbacks and the Colorado Rockies. More than 500,000 visitors travel to the complex each year, providing a massive built-in audience for the area’s retail and entertainment businesses. Scottsdale maintains a competitive advantage in attracting new businesses, retailers, and industry leaders due to its affluent population and robust employment base. With the largest concentration of Class A office space in the region, the city offers a highly skilled workforce, excellent business infrastructure, and top-notch transportation links, including a world-class executive airport. These factors collectively establish Scottsdale as a thriving business hub that appeals to both employees and employers. Scottsdale continues to invest in itself through developing its new infrastructure, and by supporting business. Saddleback Communications provides businesses with the best quality, highest reliability, and the most current communications technology available in the Metro Phoenix area. Salt River Financial Services Institution provides opportunities for members to buy or improve their homes and start or expand their businesses through education, training, and access to financial products.

FOR SALE DETAILS

PRICE

$5,985,296 USD

PRICE/SF

$92 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Trophy TopGolf Net Lease - Scottsdale

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

250

LAND DETAILS

LAND ACRES

16.5 AC

LAND SF

718,740 SF

ZONING

C-2/C-3

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Chris HollenbeckCushman & WakefieldMore Info
602-538-7155

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Chris HollenbeckCushman & WakefieldMore Info
602-538-7155

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.