Price $40,323,000 | Built/Renov 2022 | Tenant Topgolf |
Cap Rate 6.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
Size/SF
48,000
| Lease Start
12-01-2022
| #Units
70
|
Price/SF $840.06 | Expiration
11-30-2042
| Tenant Type Sport/Fitness |
NOI $2,419,366 | R. Term 18.11 | Ownership Fee Simple |
Rent/SF
$50.40
| Increases 10.0%/4/yrs | Pop 5Mi 126,698 |
Lot/AC 10.05 | Options 4/5yrs/10% | AHHI 5Mi $80,916 |
| |
Topgolf is conveniently located on Topgolf Way, with a daily traffic count of 41,400 vehicles. The subject property is also in close proximity to two major highways: I-26 (105,900 VPD), and I-526 (86,300 VPD). The immediate trade area is surrounded by well-known national credit tenants such as Chick-fil-A, Buffalo Wild Wings, Nike Factory Store, Sam's Club, Walmart Supercenter, and many more....
...New construction
New prototype
Strategically located
Freeway close
Dense 100M+ pop 5 mi
Affluent AHHI $100K 5 Mi
Brand new lease
Absolute NNN
Traded and rated company
Corporate Guarantee
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....
1 Miles | 3 Miles | 5 Miles | |
2028 Total Population : | 7,247 | 53,694 | 121,884 |
2023 Total Population : | 6,625 | 51,162 | 116,697 |
2023 Employed Civilian Pop : | 3,525 | 25,391 | 58,312 |
2023 Total Businesses : | 693 | 3,242 | 5,669 |
2023 Average Household Income : | $ 70,653 | $ 66,974 | $ 80,350 |
2023 Total Consumer Spending : | $ 184 M | $ 1232 M | $ 3435 M |
2023 Median Age : | 35 | 36 | 36 |
2023 Total Households : | 2,937 | 20,889 | 48,811 |
2023 Pop Age 25+: Bachelor's Degree : | 981 | 6,204 | 18,120 |
2023 Average Home Value : | $ 241,456 | $ 282,079 | $ 322,237 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
East Montague Avenue | Mall Dr | 2021 | 20,000 | 0.01 mi |
Rich Street | Rivers Ave | 2021 | 250 | 0.13 mi |
Mall Drive | Lacross Rd | 2021 | 4,800 | 0.21 mi |
Rivers Ave | Daley St | 2005 | 26,600 | 0.38 mi |
Rivers Avenue | Fuller St | 2021 | 31,800 | 0.49 mi |
Goer Drive | E Montague Ave | 2021 | 1,800 | 0.49 mi |
I- 26 | I- 526 | 2018 | 105,900 | 0.50 mi |
I 26 | Centre Point Dr | 2021 | 95,200 | 0.53 mi |
S- 62 (E MONTAGUE AVE) TO L- 2811 (GAYNOR AV), L- 6963 | Snipe St | 2021 | 1,250 | 0.58 mi |
Gaynor St | Snipe St | 2019 | 1,550 | 0.62 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]