VENU Amphitheatre Notes CS I DST
Investment Details
Investment Sponsor: VENU
Location: Colorado
Current Yield: 6.00%
721 Exchange: None
Property Type: Entertainment
In-Place Loan: 0% LTV
Distribution Frequency: Monthly
Estimated Hold Period: 7 Years
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.
Investment Documents
Investment Sponsor
Venu Holding Corporation (NYSE: VENU) is a premier developer and operator of luxury, experience-driven entertainment destinations and upscale hospitality. Founded in 2017 by Chairman and CEO J.W. Roth, who maintains a significant 33% ownership stake, the company specializes in a "fan-founded, fan-owned" model that integrates high-capacity outdoor amphitheaters with full-service restaurants and bars. As of early 2026, Venu manages a real estate portfolio appraised at $1.24 billion, leveraging strategic public-private partnerships and high-profile alliances with partners like AEG Presents and Aramark to scale its national footprint.
Sponsor Historical Performance
This investment sponsor has not realized any DST investment offerings to date.
