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35343 Chester Rd - Topgolf 50,000 SF Sports & Entertainment Building Offered at $32,604,000 at a 6.75% Cap Rate in Avon, OH 44011
INVESTMENT HIGHLIGHTS
- 20-Year Corporate Absolute Net Lease Guaranteed by Topgolf International, Inc.
- Topgolf Callaway Brands Corporation, Now Callaway Golf Company, Completed Sale of a Majority Stake in Its Topgolf Business to Leonard Green Partners
- High Traffic Retail Hub with Both Daytime and Residential Demand Supported by Robust Retail and Employment Centers
- Brand New 2025 Construction with State-of-the-Art Features
- Sale Adds Meaningful Institutional Backing, Fueling Expansion and Operational Improvements while Strengthening the Brand's Overall Stability
- ~18 Miles from Downtown Cleveland in One of the Greater Cleveland's Most Affluent and Fastest-Growing Suburban Corridors
EXECUTIVE SUMMARY
A 20-year corporate absolute net lease guaranteed by Topgolf International, Inc., featuring brand-new construction with state-of-the-art amenities. Leonard Green Partners, a leading global private equity firm experienced in scaling high-growth consumer and experiential brands, acquired a majority stake in Topgolf in January 2026. The property is situated within a high-traffic retail hub at the intersection of I-90 and SR-83, adjacent to a strong lineup of national retailers and supported by both daytime and residential demand driven by nearby employment and retail centers. This offering is a premier opportunity to acquire a long-term, newly-constructed asset in a dynamic and highly trafficked market.
In Association with ParaSell, Inc. | A Licensed Ohio Broker #REC.2020005946
In Association with ParaSell, Inc. | A Licensed Ohio Broker #REC.2020005946
PROPERTY FACTS
| Price | $32,604,000 | Building Class | A |
| Price Per SF | $958.94 | Lot Size | 12.77 AC |
| Sale Type | Investment | Building Size | 34,000 SF |
| Cap Rate | 6.75% | No. Stories | 2 |
| Property Type | Sports & Entertainment | Year Built | 2025 |
| Property Subtype | Golf Course/Driving Range | Parking Ratio | 8.68/1,000 SF |
| Price | $32,604,000 |
| Price Per SF | $958.94 |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| Property Type | Sports & Entertainment |
| Property Subtype | Golf Course/Driving Range |
| Building Class | A |
| Lot Size | 12.77 AC |
| Building Size | 34,000 SF |
| No. Stories | 2 |
| Year Built | 2025 |
| Parking Ratio | 8.68/1,000 SF |
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35343 Chester Rd - Topgolf
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