Venu Holding Corp
For the period ended Dec 31, 2025. Filed Mar 31, 2026.
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FY2025 · Filed Mar 31, 2026
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Item 2. Properties
Corporate Office
Our principal executive office is located at 1755 Telstar Drive, Suite 501, Colorado Springs, Colorado 80920.
Venue-Related Properties
Venu indirectly owns properties through certain of its subsidiaries or controlled entities. The table below summarizes Venu’s portfolio of real estate as of the date of this Annual Report, indicating which of subsidiaries or entities owns each property. Venu is also party to certain agreements by which it (directly or through a subsidiary) closed upon and acquired real estate in Broken Arrow, Oklahoma (related to the Sunset at Broken Arrow), McKinney, Texas (related to the Sunset at McKinney), and El Paso, Texas (related to the Sunset at El Paso).
| Subsidiary Owner | Size and Location | Status and Operations |
|---|---|---|
| SHC | 4.98 acres in Colorado Springs, CO | Site where Roth’s, Brohan’s, and NHC operate; leased from SHC to each of Roth’s and NHC |
| Trust | 9.41 acres in Colorado Springs, CO | Site where Ford Amphitheater is located; leased to Sunset pursuant to a ground lease |
| NLRE | 1.05 acres in Colorado Springs, CO | Vacant land open for development next to Ford Amphitheater |
| HIA | 1.5 acres in Colorado Springs, CO | Site where BBST restaurant operates; leased from HIA to BBST |
| HIA | 3.2 acres in Colorado Springs, CO | Site where BBP indoor music hall operates; leased from HIA to BBP |
| GAHIA | 1.7 acres in Gainesville, GA | Site where BBP GA indoor music hall and BBST GA restaurant operate |
| MK | 46 acres in McKinney, TX | Site where The Sunset Amphitheater in McKinney is being constructed |
| BA | 13 acres in Broken Arrow, OK | Site where The Sunset Amphitheater in Broken Arrow is being constructed |
| EP | 20 acres in El Paso, TX | Site where The Sunset Amphitheater in El Paso is to be constructed |
| Centennial | 6.4 acres in Centennial, CO | Site where BBST restaurant and BBP concert and event venue in Centennial are to be constructed |
Lease Obligations
Venu or its subsidiaries currently lease facilities as follows:
| ● | BBST CS LLC leases the property where BBST CO operates from HIA, a majority-owned subsidiary of Venu. The lease is structured as an NNN lease with annual rents of $441,190. Base rent increases by 10% every five years through rent escalators in the lease. The initial term of the lease is ten years with one, ten-year renewal option, which will give Venu the ability to extend the lease on identical terms and control the property for up to 20 years. |
| ● | BBP LLC leases the property where BBP CO operates from HIA. The lease is structured as an NNN lease with annual rents of $90,000, subject to specified rent adjustments every five years. The initial term of the lease is ten years with two, five-year renewal options, which will give Venu the ability to extend the lease on identical terms and control the property for up to 20 years. |
| ● | Roth’s Sea & Steak LLC and NHC LLC each lease the property where Roth’s, Brohan’s, and NHC operate from SHC, a majority-owned subsidiary of which Venu has full voting control. Each lease is structured as an NNN lease with aggregate annual rents under both leases equal to $2.0 million. Under each lease, base rent will increase by 10% every five years throughout the initial 20-year lease term. The tenant will have four, five-year renewal options to extend the lease on identical terms. |
| ● | Venu leases its principal executive office in Colorado Springs, Colorado from a third party pursuant to a lease that was assumed from the prior tenant and expires on November 29, 2029. Annual rent payments are $230,698, increasing by 1.3% annually. |
| ● | BBST GA LLC and BBP GA LLC each lease the property where BBST GA and BBP GA operate from GA HIA, a controlled subsidiary. In each case, the initial term of the lease is ten years with four, five-year renewal options, which will give Venu the ability to extend the lease under identical terms and control the property for up to 30 years. For the first five years of the initial term of the lease, BBST GA LLC and BBP GA LLC must pay GA HIA an annual base rent of $641,410 and $191,590, respectively. |
| ● | Pursuant to a ground lease, The Sunset Amphitheater LLC leases the property on which Ford Amphitheater is operated from Notes CS I MT, LLC a wholly owned subsidiary of Venu (and the “master tenant” for that property). The ground lease is for a 25-year term and provides for annual base rent of $3,222,000 (subject to escalation) which is paid monthly. The ground lease is a triple net lease. The Sunset Amphitheater LLC is also a party to an operations lease with respect to this same property. That operations lease and a corresponding operations sublease is generally described above under the subheading “Venu’s Subsidiaries and Properties.” |
| ● | Pursuant to a ground lease, Notes Live Real Estate, LLC leases the parking lot on which the Ford Amphitheater is operated from a third-party. The ground lease is structured as an NNN lease with an option to re-purchase the parking lot within the first three years at a fixed price and annual base rent equal to $1,050,00. Base rent will increase by 2.5% every year throughout the 20-year lease term. |
Public-Private Partnerships
For a description of the public-private partnerships that we have entered into in connection with the development of venues on our properties, see “Business – Venu’s Subsidiaries and Properties – Public-Private Partnership Obligations” in Item 1 above.
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