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.