609 Guilford College Rd - Sports and Entertainment FOR SALE


Greensboro, NC 27409- The Thicket
$36,750,500 USD
864-421-4747
609 Guilford College Rd, Greensboro, NC for Sale
$36,750,500 USD
Sports and Entertainment - FOR SALE
1/9
null | 7% Cap Rate

609 Guilford College Rd
Greensboro, NC 27409
The Thicket


OVERVIEW

• NEW CONSTRUCTION: 2024 world class construction by Topgolf’s exclusive and award-winning design-build contractor, ARCO/Murray • LONG TERM NET LEASE: 20-Year absolute NNN lease with several 5-year renewal options • RENTAL INCREASES: 10% rent bumps every 5 years including each option period • STRONG GUARANTOR: Extremely rare and valuable Topgolf International, Inc. guaranty for entire lease term • POPULAR VENUE: 537K+ visits since opening mid-September ranking the venue in the top half chainwide (Placer.ai) • DENSE RESIDENTIAL BASE: 1,680+ apartment units over 91% leased in the immediate vicinity of the venue (Costar) • DENSE COMMERCIAL AREA: 8+ million SF of retail over 95% leased and 35+ million SF of office/industrial over 93.5% leased in the immediate trade area (Costar) • INTERNATIONAL AIRPORT: The Piedmont Triad Airport, with 30,000+ employees and nearly 2 million annual passengers, is 10 minutes away and has a $9 billion impact on the local economy • CAN’T MISS LOCATION: Maximized exposure with high visibility and convenient accessibility from multiple commercial corridors • COMPLIMENTARY CO-TENANTS: High traffic generating co-tenants including Main Event, Circle K and StudioRes by Marriott with pending deals with additional national retailers • HIGH TRAFFIC COUNTS: 18,000+ VPD on Guilford College Rd and 113,000+ VPD on I-40 • DENSELY POPULATED: 148,300+ residents in a 5-mile radius and 283,800+ in a 15-minute drive time (Esri) • STRONG SUPPORTING INCOMES: $102,400+ average HH income and $71,800+ median HH income within a 5-mile radius (Esri)

FOR SALE DETAILS

PRICE

$36,750,500 USD

PRICE/SF

$870 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Topgolf | Piedmont Triad Region

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

350

LAND DETAILS

LAND ACRES

10.4 AC

LAND SF

453,024 SF

ZONING

CD-BP

APN/PARCEL ID

0074762

ASK ABOUT THIS PROPERTY

Lakin ParrTrinity PartnersMore Info
864-421-4747

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

Lakin ParrTrinity PartnersMore Info
864-421-4747

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