TopGolf - Sports and Entertainment FOR SALE


North Charleston, SC 29418
$39,342,600 USD
949-903-3399
TopGolf, North Charleston, SC for Sale
$39,342,600 USD
Sports and Entertainment - FOR SALE
1/10
null | 6% Cap Rate

TopGolf
North Charleston, SC 29418


HIGHLIGHTS

  • Once in a Lifetime Generational NNN Asset - 2023 Prototype with 9-Hole Mini Golf Course
  • Strong Long Term Absolute NNN Corp Lease (NYSE: MODG) Huge International Expansion Plans
  • Hyper-Dense Retail Trade Area Drawing Large MSA - Next to Tanger Outlets Several New Hotels
  • Tremendous Growth City - Ranked “#1 Small City in U.S.” 12th Year as “#1 City in U.S.” Travel/Leisure
  • High Profile State of the Art Experiential Retail - One of Top Performing Locations in the Chain
  • Rare Full Corporate Guaranteed Lease (Topgolf International Inc) - 10% Rent Bumps Zero LL Duties

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer to qualified investors an excellent opportunity to acquire the absolute NNN leased Topgolf in Charleston, SC. Topgolf operates over 90 state-of-the-art golf entertainment complexes across the country and is rapidly expanding in popularity and reach. The long-term lease has over 18 years remaining in the primary term with four 5-year option periods, a corporate guaranty and 10% rent increases every 5 years creating worry free cashflows for years to come. The 48,000 SF driving range & entertainment venue is strategically positioned within Charleston’s busiest retail corridor with countless retailers and attractions nearby including the Tanger Outlets, Charleston Convention Center and North Charleston Coliseum & Performing Arts Center. Additionally, there are over 30 hotels totaling over 4,800 rooms within a mile. Charleston International Airport, which sees over 6 million passengers annually, is located just a few minutes to the northwest of the subject property. Adjacent to the airport lies the Boeing Dreamliner Production Facility (over 7,800 employees) and Joint base Charleston which is home to over 90,000 Airmen, Sailors, Soldiers, Marines, Coast Guardsmen and civilians. Other nearby retailers include Walmart Supercenter, Sam’s Club, Sportsman’s Warehouse, McDonald’s, Chick-fil-A, Chipotle, Starbucks and many more.

FOR SALE DETAILS

PRICE

$39,342,600 USD

PRICE/SF

$820 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Generational NNN Trophy Asset- Top Sales!

PROPERTY TYPE

Sports and Entertainment

ADD'L SUBTYPES

Amusement Park, Theatre/Concert Hall

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

10.05 AC

LAND SF

437,778 SF

ZONING

CRD

APN/PARCEL ID

400-00-00-226

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Eric CarltonColliersMore Info
949-903-3399

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.