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Topgolf

609 Guilford College Road, Greensboro, NC 27409

$36,750,500

Cap Rate 7.00%

DOM: 21 Updated: 08.13.25 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 19.1
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...

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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....


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Listing Broker

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