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TopGolf - Generational NNN Trophy Asset- Top Sales! 48,000 SF Sports & Entertainment Building Offered at $54,919,124 CAD at a 6% Cap Rate in North Charleston, SC 29418
INVESTMENT HIGHLIGHTS
- Once in a Lifetime Generational NNN Asset - 2023 Prototype with 9-Hole Mini Golf Course
- Hyper-Dense Retail Trade Area Drawing Large MSA - Next to Tanger Outlets Several New Hotels
- High Profile State of the Art Experiential Retail - One of Top Performing Locations in the Chain
- Strong Long Term Absolute NNN Corp Lease (NYSE: MODG) Huge International Expansion Plans
- Tremendous Growth City - Ranked “#1 Small City in U.S.” 12th Year as “#1 City in U.S.” Travel/Leisure
- Rare Full Corporate Guaranteed Lease (Topgolf International Inc) - 10% Rent Bumps Zero LL Duties
EXECUTIVE SUMMARY
The Snyder Carlton National Net Lease Team is pleased to offer to qualified investors an excellent opportunity to acquire the absolute NNN leased Topgolf in Charleston, SC. Topgolf operates over 90 state-of-the-art golf entertainment complexes across the country and is rapidly expanding in popularity and reach. The long-term lease has over 18 years remaining in the primary term with four 5-year option periods, a corporate guaranty and 10% rent increases every 5 years creating worry free cashflows for years to come.
The 48,000 SF driving range & entertainment venue is strategically positioned within Charleston’s busiest retail corridor with countless retailers and attractions nearby including the Tanger Outlets, Charleston Convention Center and North Charleston Coliseum & Performing Arts Center. Additionally, there are over 30 hotels totaling over 4,800 rooms within a mile. Charleston International Airport, which sees over 6 million passengers annually, is located just a few minutes to the northwest of the subject property. Adjacent to the airport lies the Boeing Dreamliner Production Facility (over 7,800 employees) and Joint base Charleston which is home to over 90,000 Airmen, Sailors, Soldiers, Marines, Coast Guardsmen and civilians. Other nearby retailers include Walmart Supercenter, Sam’s Club, Sportsman’s Warehouse, McDonald’s, Chick-fil-A, Chipotle, Starbucks and many more.
The 48,000 SF driving range & entertainment venue is strategically positioned within Charleston’s busiest retail corridor with countless retailers and attractions nearby including the Tanger Outlets, Charleston Convention Center and North Charleston Coliseum & Performing Arts Center. Additionally, there are over 30 hotels totaling over 4,800 rooms within a mile. Charleston International Airport, which sees over 6 million passengers annually, is located just a few minutes to the northwest of the subject property. Adjacent to the airport lies the Boeing Dreamliner Production Facility (over 7,800 employees) and Joint base Charleston which is home to over 90,000 Airmen, Sailors, Soldiers, Marines, Coast Guardsmen and civilians. Other nearby retailers include Walmart Supercenter, Sam’s Club, Sportsman’s Warehouse, McDonald’s, Chick-fil-A, Chipotle, Starbucks and many more.
PROPERTY FACTS
AMENITIES
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 400-00-00-226 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $2,108,557 CAD |
PROPERTY TAXES
Parcel Number
400-00-00-226
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,108,557 CAD
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TopGolf - Generational NNN Trophy Asset- Top Sales!
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