Topgolf Durham
Special Purpose | 7.00% CAP | 35,200 SqFt
Marketing description
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of the Topgolf located at 4901 Topgolf Way, Durham, North Carolina. This 35,200 SF asset sits atop 7.74 acres within the dense submarket of the Research Triangle Park, the largest research park in the United States that occupies over 7,000 acres and employs more than 65,000 workers. The asset is located at the crossroads of Interstate 40 (199,560 VPD) and I-540 (93,750 VPD).
Topgolf has executed a long-term, Abs NNN lease and opened for business to a huge crowd in April 2024. The 20-year lease calls for Four (4), Five (5) Year Options. Topgolf is paying $2,577,061 with a 10% rent increase in Year 6 (April 2029), with 10% rent increases every 5 years thereafter and at the start of each option. The lease is corporately guaranteed and calls for no landlord responsibilities, providing an investor surety of cash flow and a passive investment.
Investment highlights
RESEARCH TRIANGLE PARK - The Research Triangle Park is the largest research park in the United States, occupying over 7,000 acres, and employing more than 65,000 workers
NEWLY CONSTRUCTED, RARE OFFERING - 2025 Construction affords minimal future capital expenditures and presents an opportunity to acquire a new Topgolf facility
CORPORATE ABSOLUTE NNN LEASE - Rare opportunity to own a corporately guaranteed, newly constructed Topgolf on a long-term, Abs NNN lease
ZERO LANDLORD RESPONSIBILITIES - Abs NNN lease affords zero landlord responsibilities and provides a passive investment for an owner
STRATEGIC POSITIONING - The asset is located at the crossroads of Interstate 40 (199,560 VPD) and I-540 (93,750 VPD)
TOPGOLF CALLAWAY BRANDS - Topgolf is part of Topgolf Callaway Brands, a company that operates a diverse portfolio of global brands in the modern golf and active lifestyle space (NYSE: MODG)
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