Barstool Sports Scottsdale | Absolute NNN Single Tenant Lease | Heart of Old Town Scottsdale

Highlights:

• 1 of 4 Total Physical Barstool Locations Across the United States
• Absolute NNN Lease
• 10-year Initial Term w/ 2x 5-year Options to Extend
• 3% Annual Increases
• Lease Began June 2022 & Initial Term Ends May 2032
• ±9,551 SF Space (5,878 SF 1st Floor, 3,673 SF 2nd Floor)
• Large Outdoor Patio Facing Scottsdale Road
• Located in Opportunity Zone

Description:

SVN Desert Commercial Advisors, as the sole representative of the Owner, is pleased to present for purchase this absolute NNN leased investment in the heart of Old Town Scottsdale. Occupied by Barstool Sports, on an initial ten-year lease the subject property represents a unique investment opportunity to qualified investors. As one of the four physical Barstool Sports locations (Barstool River North in Chicago, IL, Barstool Sansom Street in Philadelphia, PA, and Barstool Nashville in Nashville, TN are sister locations) the Scottsdale location operates as both a bar, restaurant and nightclub and lies in the northern pocket of Old Town Scottsdale and is walkable to the W Scottsdale, Scottsdale Fashion Square Mall, Scottsdale Waterfront and multiple other lifestyle and retail amenities the properties location couldn't be better. Further, the subject property lies within a qualified census tract for the Scottsdale opportunity zone, providing further investment opportunity for a buyer should they elect to renovate the property further down the road substantially. Barstool's initial lease commenced in June of 2022 and expires in May of 2032. There are two options to extend for a period of 5 additional years each. The subject property is currently offered at $7,840,000, representing a 5.25% CAP rate on 2025 income.

Strategically situated in the heart of Old Town Scottsdale, this prime location offers an esteemed address amidst a dynamic and evolving commercial landscape. The surrounding area is brimming with renowned dining establishments, luxury and lifestyle retail destinations, and vibrant cultural attractions, making it an ideal setting to attract top-tier tenants. With proximity to the vibrant Scottsdale Waterfront and the luxury Scottsdale Fashion Square Mall, the property presents an enticing opportunity for investors seeking a prestigious address with unparalleled conveniences and urban walkability. Its close proximity to major transportation arteries also ensures seamless access for employees and clients alike, solidifying its status as an exceptional choice for discerning retail building investors.

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