Downtown Gilbert’s Whiskey Row Property Sells for $8.8M
From Investment to Return: HAYMAKER HOLDINGS LLC’s Strategic Exit on Gilbert’s Whiskey Row
Last week, HAYMAKER HOLDINGS LLC quietly closed the sale of the iconic Whiskey Row property in Downtown Gilbert, Arizona, passing ownership to WRG HOLDINGS LLC for $8,825,000. The property, located at 323 N. Gilbert Road, holds significant community and cultural value as a fixture of Gilbert’s vibrant Heritage District bar scene.
📈 The Numbers: A Steady Climb in Value
| Year | Event | Price |
|---|---|---|
| 2018 | Acquisition by HAYMAKER HOLDINGS LLC* | $8,100,000 |
| 2025 | Sale to WRG HOLDINGS LLC | $8,825,000 |
* Originally purchased in mid‑2018, following a $8.1 M transaction documented at the time .
What Changed in Seven Years?
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Good tenant, steady cash flow. Since 2017, Whiskey Row—inside a 13,841 ft² building binding dining and nightlife—has anchored the tenant mix, operating under a long-term lease. This type of tenancy offers predictable income streams—a prime feature for commercial buyers.
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Amplified Heritage District buzz. Over the past few years, Downtown Gilbert has continued to refine its downtown core, drawing more foot traffic and investment. Properties like Whiskey Row have benefited from rising demand.
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Modest yet meaningful return. The $725,000 appreciation represents a ~9% gain across the period—modest in total, but reasonable alongside steady rental income.
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