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Miscellaneous

Main Event (Dave & Busters)

2601 Presidio Vista Dr, Fort Worth, TX 76177

Listing Price: $12,674,000

Cap Rate
5.50%
Tenant Name
Main Event Entertainment, Inc.
Years Remaining On Lease
8.8
Gross SF
49,850
Guarantor
Corporate Guarantee
Rentable SF
49,850
Price/Gross SF
$254.24
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.98

Investment Overview

Main Event Entertainment was founded in 1998 and is owned and operated by Ardent Leisure. With 45 current locations in 16 states, and 24 active states in the development pipeline, Main Event has a strong national footprint and consistent brand momentum. Fort Worth is the 16th largest city in the United States of America and The Dallas-Fort Worth Metroplex (DFW, the Metroplex) is the largest Metropolitan Statistical Area (MSA) in Texas and the fourth largest in the country. This dynamic 12 county region is the economic and cultural hub of the region commonly referred to as North Texas or the Metroplex. Located in North Central Texas, the city is a cultural gateway into the American West and covers nearly 350 square miles in Tarrant, Denton, Johnson, Parker, and Wise counties—serving as the seat for Tarrant County.

Investment Highlights

  • Nine Years Remaining on Absolute Triple-Net (NNN) Lease with Main Event
  • Tenant Was Just Acquired by Dave & Busters (NASDAQ: PLAY)
  • Rapidly Growing Trade Area with Population Projected to Increase Approximately 28 Percent by 2026 Within One Mile Radius of Subject Property
  • Located in Prime Retail Corridor Surrounded by Major National Retailers: Costco, WinCo, Aldi, Target, Kroger, Belk, Hobby Lobby, Best Buy, and Many More
  • High Visibility Location along Interstate-35W Freeway with 167,403 Cars per Day
  • Between Presidio Town Crossing and Alliance Town Center Shopping Centers
  • Within 10 to 15 Minute Commute / 12 Miles to Downtown Fort Worth
  • Affluent Residential Area with Over $119,000 Average Annual Household Income Within Three Miles of Property

Exclusively Listed By

  • Mark Ruble

    Executive Managing Director Investments

    (602) 687-6766

    Email Mark

    License(s): AZ: SA550593000, NV: S.0192964

    Phoenix

  • Peter Bauman

    Senior Vice President Investments

    (602) 687-6685

    Email Peter

    License(s): AZ: SA647389000, NV: S.0186153

    Phoenix

  • Tivon Moffitt

    Senior Vice President Investments

    (602) 687-6688

    Email Tivon

    License(s): AZ: BR639369000, NV: S.0186027, UT: 11178542-AB00

    Phoenix

  • Chris Lind

    Senior Vice President Investments

    (602) 687-6780

    Email Chris

    License(s): AZ: SA627823000

    Phoenix

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Miscellaneous

Main Event (Dave & Busters)

Listing Price: $12,674,000

Cap Rate
5.50%
Tenant Name
Main Event Entertainment, Inc.
Years Remaining On Lease
8.8
Gross SF
49,850
Guarantor
Corporate Guarantee
Rentable SF
49,850
Price/Gross SF
$254.24
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.98

Investment Highlights

  • Nine Years Remaining on Absolute Triple-Net (NNN) Lease with Main Event
  • Tenant Was Just Acquired by Dave & Busters (NASDAQ: PLAY)
  • Rapidly Growing Trade Area with Population Projected to Increase Approximately 28 Percent by 2026 Within One Mile Radius of Subject Property
  • Located in Prime Retail Corridor Surrounded by Major National Retailers: Costco, WinCo, Aldi, Target, Kroger, Belk, Hobby Lobby, Best Buy, and Many More
  • High Visibility Location along Interstate-35W Freeway with 167,403 Cars per Day
  • Between Presidio Town Crossing and Alliance Town Center Shopping Centers
  • Within 10 to 15 Minute Commute / 12 Miles to Downtown Fort Worth
  • Affluent Residential Area with Over $119,000 Average Annual Household Income Within Three Miles of Property

Investment Overview

Main Event Entertainment was founded in 1998 and is owned and operated by Ardent Leisure. With 45 current locations in 16 states, and 24 active states in the development pipeline, Main Event has a strong national footprint and consistent brand momentum. Fort Worth is the 16th largest city in the United States of America and The Dallas-Fort Worth Metroplex (DFW, the Metroplex) is the largest Metropolitan Statistical Area (MSA) in Texas and the fourth largest in the country. This dynamic 12 county region is the economic and cultural hub of the region commonly referred to as North Texas or the Metroplex. Located in North Central Texas, the city is a cultural gateway into the American West and covers nearly 350 square miles in Tarrant, Denton, Johnson, Parker, and Wise counties—serving as the seat for Tarrant County.

Exclusively Listed By

  • Mark Ruble

    Executive Managing Director Investments

    (602) 687-6766

    Email Mark

    License(s): AZ: SA550593000, NV: S.0192964

    Phoenix

  • Peter Bauman

    Senior Vice President Investments

    (602) 687-6685

    Email Peter

    License(s): AZ: SA647389000, NV: S.0186153

    Phoenix

  • Tivon Moffitt

    Senior Vice President Investments

    (602) 687-6688

    Email Tivon

    License(s): AZ: BR639369000, NV: S.0186027, UT: 11178542-AB00

    Phoenix

  • Chris Lind

    Senior Vice President Investments

    (602) 687-6780

    Email Chris

    License(s): AZ: SA627823000

    Phoenix

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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