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Topgolf

609 Guilford College Road, Greensboro, NC 27409

$36,750,500

Cap Rate 7.00%

DOM: 141 Updated: 10.24.25 Posted: 08.13.25 Status: Active     08.13.25

Summary

Price $36,750,500
Built/Renov 2023
Tenant Topgolf
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 42,240
Lease Start 09-13-2024
#Units 98
Price/SF $870.04
Expiration 09-30-2044
Tenant Type Sport/Fitness
NOI $2,572,538
R. Term 18.9
Ownership Fee Simple
Rent/SF $60.90
Increases 10.0%/6/yrs
Pop 5Mi 148,371
Lot/AC 10.40
Options 6/5yrs/10%
AHHI 5Mi $102,439

Tyson Glasser
Trinity Partners
Contact

Highlights

  • 2024 new construction by Topgolf’s exclusive award-winning design-build contractor, ARCO/Murray.
  • 20-year absolute NNN lease with multiple 5-year renewal options.
  • 10% rent increases every 5 years, including all renewal periods.
  • Rare and valuable Topgolf International, Inc. guaranty for the full lease term.
  • 602K+ visits since September opening, ranking in Topgolf’s top 35 locations nationwide (Placer.ai).
  • 1,680+ nearby apartment units, over 91% leased, providing a strong residential customer base (Costar).
  • 8M+ SF retail and 35M+ SF office/industrial in area, over 93% leased (Costar).
  • Strong demographics with 148K+ residents in 5 miles and $102K+ average household income.

Location Description

Topgolf is strategically located along Guilford College Road with immediate access to Interstate 40, featuring a combined traffic count of approximately 131,000 vehicles per day. The property offers exceptional freeway visibility and direct connectivity to a major commercial corridor anchored by national retailers such as Target, Walmart, Sam’s Club, and The Home Depot, as well as numerous...

...

Key Features

  • New construction

  • Extensive TI’s

  • Dense retail corridor

  • University college close

  • Dense 100M+ pop 5 mi

  • Affluent AHHI $100K 5 Mi

  • Major MSA

  • Brand new lease

  • Long 20+ yr lease

  • Traded and rated company

    • ...

Links

Topgolf Wikipedia Topgolf Wikipedia Greensboro, NC Zip Code 27409 Broker Site Page

Documents

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Topgolf
  • Guarantor:Corp T and Rated
  • Company:Topgolf Calloway Brands
  • # Units:98
  • 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....


...

Demographics

  1 Miles 3 Miles 5 Miles
2030 Total Population : 9,689 65,678 150,577
2025 Total Population : 8,586 64,490 147,251
2025 Employed Civilian Pop : 4,830 33,670 76,152
2025 Total Businesses : 523 3,346 7,735
2025 Average Household Income : $ 70,050 $ 87,295 $ 101,805
2025 Total Consumer Spending : $ 284 M $ 2349 M $ 5788 M
2025 Median Age : 36 37 39
2025 Total Households : 4,558 30,621 65,321
2025 Pop Age 25+: Bachelor's Degree : 1,996 14,341 31,855
2025 Average Home Value : $ 236,576 $ 327,887 $ 351,266
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Hywood Dr 2022 6,581 0.05 mi
I- 40 2022 3,890 0.06 mi
Guilford College Road I- 40 2022 16,952 0.14 mi
I- 40 2022 5,079 0.21 mi
I- 40 2022 6,810 0.22 mi
Hornaday Road Guilford College Rd 2022 8,078 0.28 mi
Hornaday Road Guilford College Rd 2019 8,600 0.28 mi
Guilford College Road I- 40 2022 19,027 0.32 mi
Guilford College Rd Hornaday Rd 2003 29,000 0.33 mi
Roanne Way Nicholas Rd 2018 111,000 0.35 mi

Listing Broker

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