9500 Indian Bend Rd, Scottsdale, AZ 85250
- Golf courses & driving ranges
- 60,000 SF
- 16.50 lot acres
Current Use by Public Records
- Golf courses & driving ranges
Property Details for 9500 Indian Bend Rd
- Lot size
- 16.50 lot acres
- Property type
- Golf courses & driving ranges
- Property subtype
- Specialty properties
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Scottsdale
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.88
- Latitude
- 33.5409
