Topgolf
New Topgolf | Dense, Wealthy Boston MSA | NNN 20 Year Lease
Marketing description
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.
commenced their 20 year lease in November of 2023, 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.
Investment highlights
Located in the Second Wealthiest County in the State and Within the Boston CSA, the 6th Most Populous in the Country
Rare Boston Investment Opportunity
Ideal Location Proximate to a High Concentration of Topgolf’s Target Users
Full Corporate Guaranty
20 Year Lease with No Landlord Responsibilities
60,781 Square Foot, 3-Story Building on a ~12.19 Acre Lot
Number 1 Operator in its Class
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