Log In/Sign Up
Your email has been sent.
4901 Topgolf way - Topgolf 35,200 SF Sports & Entertainment Building Offered at $36,820,000 at a 7% Cap Rate in Durham, NC 27703
INVESTMENT HIGHLIGHTS
- RESEARCH TRIANGLE PARK
- CORPORATE ABSOLUTE NNN LEASE
- STRATEGIC POSITIONING
- NEWLY CONSTRUCTED, RARE OFFERING
- ZERO LANDLORD RESPONSIBILITIES
- TOPGOLF CALLAWAY BRANDS
EXECUTIVE SUMMARY
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of the Topgolf located at 4901 Topgolf Way, Durham, North Carolina. This 35,200 SF asset sits atop 7.74 acres within the dense submarket of the Research Triangle Park, the largest research park in the United States that occupies over 7,000 acres and employs more than 65,000 workers. The asset is located at the crossroads of Interstate 40 (199,560 VPD) and I-540 (93,750 VPD).
Topgolf has executed a long-term, Abs NNN lease and opened for business to a huge crowd in April 2024. The 20-year lease calls for Four (4), Five (5) Year Options. Topgolf is paying $2,577,061 with a 10% rent increase in Year 6 (April 2029), with 10% rent increases every 5 years thereafter and at the start of each option. The lease is corporately guaranteed and calls for no landlord responsibilities, providing an investor surety of cash flow and a passive investment.
Topgolf has executed a long-term, Abs NNN lease and opened for business to a huge crowd in April 2024. The 20-year lease calls for Four (4), Five (5) Year Options. Topgolf is paying $2,577,061 with a 10% rent increase in Year 6 (April 2029), with 10% rent increases every 5 years thereafter and at the start of each option. The lease is corporately guaranteed and calls for no landlord responsibilities, providing an investor surety of cash flow and a passive investment.
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $36,820,000 | Building Class | B |
| Price Per SF | $1,046.02 | Lot Size | 7.74 AC |
| Sale Type | Investment | Building Size | 35,200 SF |
| Cap Rate | 7% | No. Stories | 3 |
| Property Type | Sports & Entertainment | Year Built | 2024 |
| Property Subtype | Golf Course/Driving Range |
| Price | $36,820,000 |
| Price Per SF | $1,046.02 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Property Type | Sports & Entertainment |
| Property Subtype | Golf Course/Driving Range |
| Building Class | B |
| Lot Size | 7.74 AC |
| Building Size | 35,200 SF |
| No. Stories | 3 |
| Year Built | 2024 |
1 1
CONTACTS
-
David Hoppe -
Mike Lucier -
Eric Suffoletto -
Danny Griffin -
Ben Olmstead -
Atlantic Capital Partners
1 of 6
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
4901 Topgolf way - Topgolf
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.