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29581407

9500 E Talking Stick Wy, Scottsdale, AZ 85256

CM
AZ AZ SA633658000
Newmark - Phoenix
MB
CA 01977909
Newmark | Orange County - Irvine
SK
CA 02002301
Newmark | Orange County - Irvine
Newmark | Orange County - Irvine
BG
AZ SA025876000
Newmark
CO
CA 01900338
Newmark - Phoenix
Listed by Newmark - Phoenix, Newmark | Orange County - Irvine, Newmark
$5,599,000
147 days on market
Updated 30 days ago

Topgolf - Scottsdale, AZ

Details
Property Type Retail, Special Purpose
Sub Type Golf Course, Restaurant (+1)
Square Footage 65,000
Cap Rate 7.75%
NOI $433,935
Occupancy 100%
Tenancy Single
Brand/Tenant Topgolf
Lease Type NNN
Lease Term 21.1
Lease Expiration 06/30/2034
Remaining Term 8
Rent Bumps Yes
Lease Options 5 (5-Year)
Price per SqFt $86
Year Built 2014
Acreage 16.520
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 06/13/2013
Ground Lease Yes
Ownership Leasehold (Building Only)
Sale Condition For sale by owner

#1 Performing Topgolf in AZ | Topgolf - Scottsdale, AZ

Investment highlights

  • Trophy High Barrier to Entry Location | Scottsdale Location - Halfway between Phoenix Sky Harbor International Airport and the Waste Management Phoenix Open (700,000 Annual Attendees) | #1 Topgolf in Arizona

  • Long-Term Commitment | 20 Year Initial Lease | 8.5 Years of Firm Lease Term Remaining | 5 (5-Year) Renewal Options

  • State-of-the-Art Design and Construction | Signature Three-Level Venue & 100+ All-Weather Hitting Bays

  • Globally Recognized Entertainment Brand | 100+ Global Locations | Topgolf serves 25+ Million Guests Globally per annum | Leonard Green’s purchase of a 60% Interest in Topgolf will close Q12026

  • Irreplaceable location directly fronting the Loop 101 freeway (168,846 VPD) | Located in the Highly Dynamic Talking Stick Entertainment District | Significant Nearby Developments in the Community

  • Affluent Demographics | Ideal Target Customer Base | Synergistic Major Entertainment Venues located Nearby

Listing Contacts

CM
AZ AZ SA633658000
Newmark - Phoenix
MB
CA 01977909
Newmark | Orange County - Irvine
SK
CA 02002301
Newmark | Orange County - Irvine
Newmark | Orange County - Irvine
BG
AZ SA025876000
Newmark
CO
CA 01900338
Newmark - Phoenix
Listed by Newmark - Phoenix, Newmark | Orange County - Irvine, Newmark

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$433,935.00
$36,161.25/mo

Valuation Metrics

0
DSCR
7.75%
Cap Rate
7.75%
ROI

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Additional Information

Name
Chris Marchildon
License
AZ SA633658000
Brokerage
Newmark
Title
Executive Managing Director
Brokerage Address
2555 East Camelback Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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