Marcus & Millichap is pleased to present a new absolute net Topgolf investment offering in suburban Boston. This location is the first and only in the state of Massachusetts. The property includes a 60,781 square foot three-story building with 90+ climate controlled hitting bays and a driving range on over 12 acres. This location is well situated on I-95 with high accessibility, exceptional household income and proximity to many corporate headquarters and offices, driving corporate event usage.
Topgolf recently commenced their 20 year lease with six, five year renewal options. The NOI is expected to be $4,082,925 in year one growing by 10 percent every five years of the initial term and option terms. The lease has a full corporate guaranty with Topgolf International, Inc., the leader in this popular and growing experiential/entertainment sector.
Please contact exclusive listing agent for pricing guidance and to coordinate tours.