{"url":"https://newsforagent.com/news/2026-10-26/venu-holding-mckinney-sale-leaseback-store-capital","markdown_url":"https://newsforagent.com/news/2026-10-26/venu-holding-mckinney-sale-leaseback-store-capital.md","title":"Venu Holding Closes $60 Million McKinney Sale-Leaseback","headline":"Venu Holding Completes $60 Million McKinney Sale-Leaseback With STORE Capital","description":"Venu Holding sold its McKinney, Texas site to STORE Capital for $60 million and leased the land back for 99 years at $5.7 million in initial annual ground rent.","section":"Divestitures","published_at":"2026-10-26T21:49:57+00:00","modified_at":"2026-10-26T21:49:57+00:00","author":"News Desk","key_takeaways":["Venu Holding completed a $60 million sale-leaseback of its McKinney, Texas site with STORE Capital on October 20, 2026.","Venu leases the parcel back for 99 years at an initial annual ground rent of $5.7 million, subject to increases.","Venu may receive reimbursement of up to $35 million if it meets specified occupancy-certificate deadlines."],"companies":[{"name":"Venu Holding","is_primary":true,"profile_url":"https://akta.pro/company-profiles/00000j6/venu-holding","website":"https://venu.live"},{"name":"STORE Capital","is_primary":false,"profile_url":"https://akta.pro/company-profiles/00042zc/store-capital","website":"http://storecapital.com"},{"name":"McKinney Community Development Corporation","is_primary":false,"profile_url":"https://akta.pro/company-profiles/0027b7d/mckinney-community-development-corporation","website":"https://www.mckinneycdc.org"}],"source":{"publisher":"TradingView","title":"Venu Completes $60 Million McKinney Sale-Leaseback With STORE Capital","url":"https://www.tradingview.com/news/tradingview:4595b4db29e89:0-venu-completes-60-million-mckinney-sale-leaseback-with-store-capital/"},"other_sources":[],"tags":["Divestitures","Venu Holding","STORE Capital","McKinney Community Development Corporation"],"body_markdown":"[Venu Holding](https://akta.pro/company-profiles/00000j6/venu-holding) completed a $60 million sale-leaseback of the McKinney, Texas site for its planned entertainment complex, selling the land and specified improvements to [STORE Capital](https://akta.pro/company-profiles/00042zc/store-capital). [TradingView](https://www.tradingview.com/news/tradingview:4595b4db29e89:0-venu-completes-60-million-mckinney-sale-leaseback-with-store-capital/) reported the transaction. Venu leased the parcel back for 99 years at an initial annual ground rent of $5.7 million, subject to increases, and retained ownership of the vertical improvements.\n\n## Venu's $60 Million McKinney Sale-Leaseback Terms\n\nVenu sold the land and specified improvements to STORE Capital and signed the purchase and sale agreement on October 20, 2026, the same day the ground lease took effect. The ground lease runs 99 years at an initial annual ground rent of $5.7 million, subject to increases, and Venu granted STORE Capital an unconditional lease payment and performance guaranty for the duration of the guaranteed obligations.\n\nThe transaction documents also revise the city development arrangements, provide the McKinney Economic Development Corporation with collateral, and establish that Venu may receive reimbursement of up to $35 million if it meets specified occupancy-certificate deadlines. Venu used a portion of the sale proceeds to repay its Ryan bridge note.\n\nSTORE Capital completed a $525 million issuance of long-term fixed-rate notes in September 2026, its sixteenth under the Master Funding program, at a weighted average interest rate of 5.74%, with proceeds redeeming about $280 million of notes maturing in 2026, FinancialContent Business Page reported.\n\n## Venu's Earlier Sale-Leasebacks And Financing\n\nAccording to akta.pro [company records](https://akta.pro/company-data), Venu completed a $49.7 million sale-leaseback of the land beneath its Ford Amphitheater in Colorado Springs with O'Neil Roth Real Estate LLC in June 2026, retaining operational control of the venue, and announced it was pursuing an $80 million sale-leaseback of the parking garage at its Sunset Amphitheater in McKinney as part of an approximately $250 million financing strategy. The same records list a $150 million post-IPO debt round in July 2026, a $20 million post-IPO debt round led by Ryan that month, a $12.5 million post-IPO debt round in August 2026, and an $86.2 million post-IPO equity round in March 2026.\n\n## Venu's North Texas Expansion Before The Deal\n\nVenu, behind a $300 million amphitheater in McKinney, said in September 2026 it would help Hunts develop a mixed-use project at Frisco's Toyota Stadium, including a roughly 290-room boutique hotel and about 40,000 square feet of convention, meeting, and event space, American City Business Journals reported. Venu added Paola Palazzo as Senior Vice President and Head of Talent and Kevin Couch as Senior Vice President of Talent in October 2026, FinancialContent Business Page reported. William Hodgson ceased serving as President on October 13, 2026, and will remain employed to assist with transition through December 1, 2026, TradingView reported.\n\n## McKinney Reimbursement Deadlines\n\nThe restated Chapter 380, grant and development agreement with the City of McKinney, the McKinney Economic Development Corporation and the [McKinney Community Development Corporation](https://akta.pro/company-profiles/0027b7d/mckinney-community-development-corporation) took effect April 16, 2024, and was amended and restated on October 20, 2026. Venu's reimbursement of up to $35 million depends on meeting specified occupancy-certificate deadlines.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}