NE U.S 75 and S.H. 121 - Sports and Entertainment FOR SALE


Fairview, TX 75069
$46,666,666 USD
214-826-4503
NE U.S 75 and S.H. 121, Fairview, TX for Sale
$46,666,666 USD
Sports and Entertainment - FOR SALE
1/1
null | 7.5% Cap Rate

NE U.S 75 and S.H. 121
Fairview, TX 75069


HIGHLIGHTS

  • 20,000 seating capacity on 24.2 acres at one of the most prominent and trafficked intersections
  • 70 events per year featuring premier, A-List artists
  • Indoor and outdoor venue breaking ground in Summer 2025 and completing in Summer 2026
  • McKinney is the 8th fastest growing city in North Texas
  • Demographics in the city are diverse and prime for sustained economic growth
  • Several key infrastructure enhancement projects are scheduled or underway in McKinney

OVERVIEW

Rubicon Capital is pleased to offer the ground leaseback at one of the most prominent and trafficked intersections in Texas, the NEQ of US-75 and SH-121/Sam Rayburn Tollway in McKinney, Texas. VENU (NYSE American: VENU), a publicly traded company who owns and operates luxury amphitheaters across the United States, is selling a 24.2 acre ground lease and leasing back the land for a term of 25 years with 2% annual rent escalations. VENU is known to attract some of the biggest names in the music industry and has partnered with Troy Aikman to promote its “Owners Club” suites. Luxe FireSuites: 295 of which 212 have been presold. Aikman Club Units: 250 of which 30 have been presold. The vertical improvements are expected to break ground Summer 2025 and expected to deliver July 31, 2026, free and clear of pledges or liens. The Sunset Amphitheater at McKinney will be the world's most dynamic and luxurious, hospitality-focused, state-of-the-art openair venue in the world. With an innovative multi-season venue design that transforms operations from a seasonal schedule to year-round operations, the Sunset Amphitheater in McKinney redefines the fan experience. With a total capacity of 20,000, the venue offers various seating options to cater to different preferences. This world-class venue includes a covered stadium-style bowl seating, an indoor membership-based Aikman Club with elevated views, and VENU's unique Luxe FireSuites.

FOR SALE DETAILS

PRICE

$46,666,666 USD

PRICE/SF

$44 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

-

STATUS

Under Construction

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Sunset Ampitheater at McKinney

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

24.21 AC

LAND SF

1,054,588 SF

ZONING

Commercial

APN/PARCEL ID

R-6275-000-0230-1

ASK ABOUT THIS PROPERTY

Kyle JacobsRubicon RepresentationMore Info
214-826-4503

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Kyle JacobsRubicon RepresentationMore Info
214-826-4503

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