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301 Meadow Farm Dr - Topgolf 44,000 SF Sports & Entertainment Building Offered at $38,599,981 CAD at a 7.15% Cap Rate in Lafayette, LA 70508

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INVESTMENT HIGHLIGHTS

  • Long-Term Corporate Lease Guaranteed by Topgolf International Inc.
  • Brand New 2023 Construction with State-of-the-Art Features
  • Large Depreciation Benefits Due to Nature of the Improvements
  • Absolute Net Lease - Zero Landlord Obligations
  • Located at Lafayette’s ‘Main-at-Main’ Intersection in the Premier Regional Shopping Destination - Ambassador Town Center Anchored by Costco & Dick’s

EXECUTIVE SUMMARY

The subject property is approximately 6.5 miles south of downtown Lafayette with excellent access and visibility along Lafayette’s primary retail corridor. The site benefits from robust demographics with a total daytime population of approximately 343,000 within 15 miles and an average household income of $90,347 within a 10-mile radius.
The property benefits from a prominent retail location in close proximity to shopping centers, major retail tenants, schools, and employers. Nearby retail centers include Ambassador Town Center (5.8 million visits per year, per Placer.ai), featuring Costco, Dick’s Sporting Goods, Field & Stream, Marshalls, HomeGoods, Nordstrom Rack, PetSmart, Sonic, BJ’s Restaurant & Brewhouse, Chick-fil-A and more; Crossroads South shopping center, anchored by Albertsons and Kohl’s with Petco, DSW, Starbucks, and Five Guys; and River Marketplace, which includes Target, Ross, Total Wine, Books-A-Million, Buffalo Wild Wings, Raising Cane’s, and more. Other notable nearby tenants include The Grand Theatre 14-screen movie theater, ALDI, Academy Sports, At Home, Whole Foods and Dave & Buster’s.
This property is listed in conjunction with Louisiana-licensed real estate broker Felicity Property Co.

PROPERTY FACTS

Price $38,599,981 CAD
Price Per SF $1,168.56 CAD
Sale Type Investment
Cap Rate 7.15%
Property Type Sports & Entertainment
Property Subtype Golf Course/Driving Range
Building Class A
Lot Size 11.66 AC
Building Size 33,032 SF
No. Stories 2
Year Built 2023
Zoning 2

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 6171796
  • 6178197
Land Assessment
$9,532 CAD
Improvements Assessment
$0 CAD
Total Assessment
$9,532 CAD
  • Listing ID: 31268971

  • Date on Market: 2024-03-19

  • Last Updated:

  • Address: 301 Meadow Farm Dr, Lafayette, LA 70508

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