Hi Noon Hospitality, known for Buck & Rider and Ingo’s Tasty Food, has leased a location in Old Town Scottsdale for a new seafood-focused restaurant, set to open in fall 2025. The restaurant, located near Scottsdale Civic Center park, will feature a coastal southern European seafood concept with an inviting atmosphere and scenic park views. Hi Noon’s founder and CEO, Adam Strecker, emphasized the company’s dedication to quality, noting their commitment to flying in fresh seafood daily, a practice they believe enhances freshness while cutting out middlemen. The company also announced plans for expansion beyond Arizona, with future Buck & Rider locations planned in California, Texas, Tennessee, and Florida. Hi Noon aims to grow in areas with concentrated wealth that are underserved by high-quality dining options.
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A full-service lease is a lease that has one, all-inclusive rental rate which includes both the base lease rate and the operating expenses combined into one figure.
A modified gross lease is a lease where the tenant pays base rent at the lease’s inception, but it takes on a proportional share of some of the other costs associated with the property as well, such as property taxes, utilities, insurance, and maintenance.
A triple net lease is a lease agreement on a property whereby the tenant or lessee promises to pay all the expenses of the property, including real estate taxes, building insurance, and maintenance. These expenses are in addition to the cost of rent and utilities.
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