4901 Topgolf way - Sports and Entertainment FOR SALE


Durham, NC 27703- RTP
$36,820,000 USD
980-498-3293
4901 Topgolf way, Durham, NC for Sale
$36,820,000 USD
Sports and Entertainment - FOR SALE
1/5
null | 7% Cap Rate

4901 Topgolf way
Durham, NC 27703
RTP


HIGHLIGHTS

  • RESEARCH TRIANGLE PARK
  • NEWLY CONSTRUCTED, RARE OFFERING
  • CORPORATE ABSOLUTE NNN LEASE
  • ZERO LANDLORD RESPONSIBILITIES
  • STRATEGIC POSITIONING
  • TOPGOLF CALLAWAY BRANDS

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$36,820,000 USD

PRICE/SF

$1,046 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Topgolf

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.74 AC

LAND SF

337,154 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.