9500 Indian Bend RdScottsdale, AZ 85250

Property Details for 9500 Indian Bend Rd

Lot size

16.50 AC

Property size (Sq ft)

60,000 SF

Property type

Sports & entertainment properties

Property subtype

Golf courses & driving ranges

Description

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.

Location Insight

City

Scottsdale

County

Maricopa

State

Arizona

Latitude

33.5409

Longitude

-111.88

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