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21778381
21778382

5000 Topgolf Wy, North Charleston, SC 29418

EC
CA 01809955, NV S0172067 (+4)
Colliers - Los Angeles - Orange County, California
JS
CA 01360233
Colliers - Los Angeles - Orange County, California
Colliers - Greenville, South Carolina
Listed by Colliers - Los Angeles - Orange County, California, Colliers - Greenville, South Carolina
$36,880,000
493 days on market
Updated 25 days ago

Topgolf

Details
APN 400-00-00-226
Property Type Retail, Special Purpose
Sub Type Golf Course
Square Footage 48,000
Cap Rate 6.4%
NOI $2,360,563
Occupancy 100%
Tenancy Single
Brand/Tenant Topgolf
Lease Type NNN
Lease Term 20
Lease Expiration 01/31/2043
Remaining Term 16.6
Broker Co-Op Yes
Acreage 7.230
Investment Type Net Lease
Lease Commencement 01/20/2023

Trophy Long Term Absolute NNN Topgolf

Marketing description

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.

Investment 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

  • Best in Class Destination Retail - Iconic Brand - Rooftop Terrace & Huge Parking Lot

Listing Contacts

EC
CA 01809955, NV S0172067 (+4)
Colliers - Los Angeles - Orange County, California
JS
CA 01360233
Colliers - Los Angeles - Orange County, California
Colliers - Greenville, South Carolina
Listed by Colliers - Los Angeles - Orange County, California, Colliers - Greenville, South Carolina

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$2,360,563.00
$196,713.58/mo

Valuation Metrics

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DSCR
6.4%
Cap Rate
6.4%
ROI

Map

Zoning

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PDD PlannedPlanned Development District
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Last updated May 9, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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