VENU Closes $60 Million Sale-Leaseback on Sunset Amphitheater Land at McKinney, Texas
VENU closed a $60 million sale-leaseback with STORE Capital on the land beneath its Sunset Amphitheater and adjacent parking garage in McKinney, Texas. Proceeds will retire roughly $20 million of bridge financing from Ryan, LLC and fund construction completion; the 20,000-capacity venue serving Dallas-Fort Worth is expected to open in Q1 2027.
Key figures
- Deal Value Usd
- 60000000
- Venue capacity
- 20000
- Expected venue opening
- Q1 2027
- Bridge financing to repay
- approximately $20 million
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