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609 Guilford College Rd - Topgolf | Top Ranked Venue | Piedmont Triad 42,240 SF Sports & Entertainment Building Offered at $50,263,658 CAD at a 7% Cap Rate in Greensboro, NC 27409
Executive Summary
• 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: 602K+ visits since opening mid-September 2024 ranking the venue in the top 35 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 (Esri)
• 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)
• 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: 602K+ visits since opening mid-September 2024 ranking the venue in the top 35 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 (Esri)
• 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)
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$3,518,460
|
$83.30
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $3,518,460 |
| Annual Per SF | $83.30 |
Property Facts
| Price | $50,263,658 CAD | Building Class | A |
| Price Per SF | $1,189.95 CAD | Lot Size | 10.40 AC |
| Sale Type | Investment | Building Size | 42,240 SF |
| Cap Rate | 7% | No. Stories | 2 |
| Property Type | Sports & Entertainment | Year Built | 2024 |
| Property Subtype | Golf Course/Driving Range | Parking Ratio | 8.29/1,000 SF |
| Zoning | CD-BP - Conditional District Business Park | ||
| Price | $50,263,658 CAD |
| Price Per SF | $1,189.95 CAD |
| Sale Type | Investment |
| Cap Rate | 7% |
| Property Type | Sports & Entertainment |
| Property Subtype | Golf Course/Driving Range |
| Building Class | A |
| Lot Size | 10.40 AC |
| Building Size | 42,240 SF |
| No. Stories | 2 |
| Year Built | 2024 |
| Parking Ratio | 8.29/1,000 SF |
| Zoning | CD-BP - Conditional District Business Park |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0074762 | Improvements Assessment | $0 CAD |
| Land Assessment | $536,926 CAD | Total Assessment | $536,926 CAD |
Property Taxes
Parcel Number
0074762
Land Assessment
$536,926 CAD
Improvements Assessment
$0 CAD
Total Assessment
$536,926 CAD
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609 Guilford College Rd - Topgolf | Top Ranked Venue | Piedmont Triad
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