TopGolf
Single Tenant Absolute NNN | Investment Opportunity
Marketing description
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, corporate signed, Topgolf investment property located in Mobile, Alabama. The tenant, Topgolf USA, LLC, has approximately 17 years remaining on its 20-year lease with 10 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is signed by the corporate entity and is absolute NNN with zero landlord responsibilities, making it
an ideal, management-free investment for a passive investor. Founded in 2000, Topgolf now has over 100 locations around the world. In late 2025, private equity firm Leonard Green & Partners agreed to acquire a 60% majority stake in Topgolf and its Toptracer technology business, valuing the company at about $1.1 billion and positioning Leonard Green to lead the brand’s next growth chapter while Callaway Golf Company retains a 40% interest.
Investment highlights
- 17 Years Remaining | New Construction | Scheduled Rental Increases | Premier Entertainment Venue
- Outparcel to McGowin Park (374,000 SF) | Immense Retail Corridor | National/Credit Tenant Presence
- Major Cloverleaf Interchange (118,500 VPD) | Excellent Visibility & Access
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Hospitality Cluster | Proximity to Numerous Hotels
- Strong Demographics in 5-Mile Trade Area
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