VENU Amphitheatre Notes CS I, DST

Investment Description

VENU Notes CS I, DST is a debt-free offering featuring the Ford Amphitheater, a Class A outdoor entertainment venue completed in 2024 and located in the Polaris Pointe retail development north of Colorado Springs. The property consists of nine buildings totaling 38,910 square feet on 9.41 acres , and is 100% occupied under a triple net (NNN) ground lease with a remaining term of nearly 25 years. The investment offers a 6.0% first-year yield with a projected step-up to 6.6% in Year 6 , supported by a local economy heavily influenced by military and defense sectors. Investors should note that the DST owns only the ground lease and no property improvements , the master tenant is not capitalized , and there is pending litigation regarding concert noise.

Investment Highlights

• Newly constructed (2024) amphitheatre located in Colorado Springs, CO.

• Long-term, 25-year ground lease with rental rate increases.

• Outdoor theatre holds 8,000 guests. There are 8 additional facilities on the property, adding about 30,000 guests.

• VENU is a new sponsor and has no reported trackrecord for 1031 exchange investments.

• Venu Holding Corporation (AMEX: VENU) is a high-growth entertainment and hospitality company that specializes in developing and operating luxury, experience-driven music venues and "Sunset" branded amphitheaters across the United States. As of early 2026, the firm is executing an aggressive $6 billion expansion plan, supported by recent strategic partnerships with brands like PepsiCo and a successful $86 million capital raise to fuel its national pipeline of premium concert destinations.