For Sale
$6,075,178.50

9500 Indian Bend Rd Scottsdale, AZ 85250

High-return golf & entertainment complex.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a prime Scottsdale, Arizona, property encompassing a 60,000 square-foot, three-story Topgolf entertainment complex situated on 16.5 acres. The property, located at 9500 E Indian Bend Rd, Scottsdale, AZ 85250, boasts a strategic location along the 101 highway within the Salt River Pima Maricopa Indian Community's Entertainment Corridor, attracting over 10 million annual visitors. The property features one building with C-2/C-3 zoning. The asking price is $6,075,178.50, representing a price per square foot of $101.25. The property benefits from a long-term ground lease with SRP-MIC with 64 years remaining. The current lease has 10.5 years remaining. The property's strong financial performance is evidenced by a 2024 Net Operating Income (NOI) of $364,510.71, yielding a 6% capitalization rate. The tenant invested over $20 million in initial improvements in 2014, signifying a commitment to the location and its long-term potential. This generational quality asset offers a compelling investment opportunity with significant upside potential.

Highlights

  • Prime Scottsdale, AZ Topgolf entertainment complex, 60,000 SF on 16.5 acres.
  • Located at 9500 E Indian Bend Rd, Scottsdale, AZ 85250, in the Salt River Pima Maricopa Indian Community's Entertainment Corridor.
  • C-2/C-3 zoning, single building.
  • $6,075,178.50 asking price ($101.25/SF).
  • 6% capitalization rate with a 2024 NOI of $364,510.71.
  • Long-term ground lease (64 years remaining), 10.5 years remaining on current lease.

Property Details for 9500 Indian Bend Rd

Property type
Golf courses & driving ranges, Specialty properties
Square Feet
60,000 SF
Buildings
1
Stories
3
Lot Size (sq. ft)
718,740 SF

Location Insight

City
Scottsdale
County
Maricopa
State
Arizona
Latitude
33.540874035505
Longitude
-111.88047756307

FAQs

What type of property is this?
Golf course & driving range - High-return golf & entertainment complex.
Where is the golf course & driving range located?
The property is located at 9500 Indian Bend Rd Scottsdale, AZ.
What is the asking price?
The asking price for this property is $6,075,178.50.
What are key features of this property?
This property features: Prime Scottsdale, AZ Topgolf entertainment complex, 60,000 SF on 16.5 acres.; Located at 9500 E Indian Bend Rd, Scottsdale, AZ 85250, in the Salt River Pima Maricopa Indian Community's Entertainment Corridor.; C-2/C-3 zoning, single building.
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9500 Indian Bend Rd
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