loader
Join
DOM: 226 Updated: 03.02.24 Posted: 05.09.23 Status: Sold     12.21.23

Summary

Price $7,670,000 $8,370,000
Built/Renov 2020
Tenant Topgolf (GL)
Cap Rate 6.09% 5.58%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 24,496
Lease Start 06-01-2020
#Units 70
Price/SF $313.11 $341.69
Expiration 05-31-2040
Tenant Type Sport/Fitness
NOI $467,000
R. Term 14.10
Ownership Ground Lease
Rent/SF $19.06
Increases 7.5%/2/yrs
Pop 5Mi 263,482
Lot/AC 10.16
Options 6/5yrs/7.5%
AHHI 5Mi $91,145

Highlights

  • Tenant has 17 years remaining on its initial 20-year lease term, with 6 (5-year) renewal options
  • Lease features rental increases of 7.50% every 5 years (next increase is in June 2025)
  • Absolute NNN ground lease | Zero landlord responsibilities
  • Corporate guarantee by Callaway Golf Co. (NYSE: MODG)

Location Description

This TopGolf property is situated at the interchange of Highway 6 (117,000 VPD) and I-680 (120,000 VPD) and is visible from approximately 2 miles away. The property benefits from being adjacent to the Westroads Mall, the largest mall in Nebraska with over 1 million square feet of retail space, anchored by AMC, Dick’s Sporting Goods, JCPenney, and Von Maur. Other surrounding anchor tenants...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Topgolf
  • Guarantor:Corp T and Rated
  • Company:Topgolf Calloway Brands
  • # Units:70
  • Tenant S&P: B+
  • Moody’s: B1
  • Stock: NYSE: MODG

About Tenant

Topgolf is a technology-enabled sports entertainment venue that features climate-controlled, outdoor hitting bays for year-round play, a chef-driven menu, hand-crafted cocktails, and music.Topgolf...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 10,795 98,009 276,146
2023 Total Population : 10,893 95,136 271,249
2023 Employed Civilian Pop : 6,686 54,131 151,790
2023 Total Businesses : 964 5,157 12,034
2023 Average Household Income : $ 87,304 $ 105,419 $ 100,769
2023 Total Consumer Spending : $ 437 M $ 3869 M $ 10021 M
2023 Median Age : 34 39 37
2023 Total Households : 5,777 42,394 114,875
2023 Pop Age 25+: Bachelor's Degree : 2,605 19,653 54,442
2023 Average Home Value : $ 349,108 $ 309,930 $ 280,580
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
N 102nd St Nicholas St 2015 9,022 0.12 mi
Nicholas St N 102nd St 2015 3,398 0.13 mi
N 102nd St Nicholas St 2015 11,560 0.17 mi
Nicholas St N 102nd St 2015 4,772 0.21 mi
I 680 Hamilton Plz 2020 81,836 0.28 mi
California St Regency Pkwy 2014 14,154 0.34 mi
Regency Cir Ascot Cir 2014 15,700 0.36 mi
West Dodge Road Regency Pkwy 2020 62,790 0.37 mi
Burt St N 108th St 2014 1,342 0.38 mi
Nicholas St N 108th St 2013 500 0.39 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

Get NNN Listings, News
& Insights in Your Inbox