Mary Fedewa Of Store Capital Acquires Land From J.W. Roth For Sunset Amphitheater In McKinney For $60M
2000 Gateway Boulevard
$60,000,000
Building Size
—
Asset Type
Land
Closing
Oct 21, 2026
About this deal
AI
The transaction involves land located at 2000 Gateway Boulevard in McKinney, Texas. The asset is part of a $60 million sale-leaseback deal between the seller and buyer. The land is intended for the construction of a 20,000-capacity Sunset Amphitheater and an adjacent parking garage, contributing to future developments in the area.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $60,000,000
- Buyer: Mary Fedewa - Store Capital
- Seller: J.W. Roth - Venu Holding Corporation
- Market: McKinney, TX
This deal is significant as Venu Holding Corporation will utilize the funds from the sale-leaseback to repay approximately $20 million in bridge financing, while also supporting the construction timeline leading up to the venue's expected opening in the first quarter of 2027.
On the Map
$60,000,000
Land
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McKinney Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93