Mobile Retail for Sale - West Mobile
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, corporate signed, Topgolf investment property located in Mobile, Alabama. The tenant, Topgolf USA, LLC, has approximately 17 years remaining on its 20-year lease with 10 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is signed by the corporate entity and is absolute NNN with zero landlord responsibilities, making it
an ideal, management-free investment for a passive investor. Founded in 2000, Topgolf now has over 100 locations around the world. In late 2025, private equity firm Leonard Green & Partners agreed to acquire a 60% majority stake in Topgolf and its Toptracer technology business, valuing the company at about $1.1 billion and positioning Leonard Green to lead the brand’s next growth chapter while Callaway Golf Company retains a 40% interest.
The subject property is strategically located near the convergence of US Highway 90 and Interstate 65, averaging a combined 118,500 vehicles passing by daily. Furthermore, the site is situated as an outparcel to McGowin Park (374,000 SF), a premier retail destination anchored by Ross Dress for Less, HomeGoods, Best Buy, and Petco. The asset is within close proximity to several prominent retail centers including the Shoppes at Bel Air (1,345,000 SF) and Festival Centre (380,619 SF), significantly increasing consumer draw to the immediate trade area and promoting crossover store exposure to the site. Notable tenants within the trade area include Costco Wholesale, Dave & Buster’s, Hobby Lobby, Walmart Supercenter, Target, the Home Depot, and more. Finally, the asset is surrounded by numerous hotels including Home2Suites by Hilton Mobile (105 rooms), Tru by Hilton Mobile (90 rooms), and Homewood Suites by Hilton Mobile (99 rooms), providing a direct consumer base from which to draw. The 5-Mile trade area is supported by 145,000 residents and 91,200 employees, with an average household income of $78,152.
