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Miscellaneous

Top Golf | 20-Yr. Absolute NNN | 7.5% Increases Every 5 Years

5 Top Golf Wy, Little Rock, AR 72211

Listing Price: $28,485,244

Cap Rate
6.75%
Tenant Name
Top Golf
Years Remaining On Lease
18.9
Guarantor
Corporate Guarantee
Rentable SF
23,073
Lease Type
Absolute Net
Rent Per Square Feet
$83.33

Investment Overview

Marcus & Millichap is pleased to present the Top Golf in Little Rock, AR.

Investment Highlights

  • 20-Year Absolute NNN Lease with 7.5% Increases Every 5 Years
  • High-Performing Location, Profitable in First Year of Opening
  • Corporate Guaranty by Topgolf International Inc. (100+ Locations and +/- $1.79 Billion in Revenue)
  • Callaway Golf Co. Acquired Topgolf for $2 Billion in 2020
  • Average Unit-Level Sales of $17 Million and $6.8 Million in Estimated Earnings (EBITDA)
  • State-of-the-Art Design and Construction, 72 Outdoor Climate-Controlled Hitting Bays with Toptracer Technology
  • 765,000 MSA Population, Historical 15-Year Population Growth of 9.3%
  • 86% of Topgolf's Customers are Under the Age of 45, 42%+ of Residents in Trade Area are Between 18-44

Exclusively Listed By

  • Phil Sambazis

    Executive Managing Director Investments

    (858) 373-3174

    Email Phil

    License(s): CA: 01474991

    San Diego

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego Downtown

Broker of Record

  • Steve Greer

    First Vice President Investments

    (225) 376-6729

    License(s) AR: PB00098133

    Arkansas

Financing By

Miscellaneous

Top Golf | 20-Yr. Absolute NNN | 7.5% Increases Every 5 Years

Listing Price: $28,485,244

Cap Rate
6.75%
Tenant Name
Top Golf
Years Remaining On Lease
18.9
Guarantor
Corporate Guarantee
Rentable SF
23,073
Lease Type
Absolute Net
Rent Per Square Feet
$83.33

Investment Highlights

  • 20-Year Absolute NNN Lease with 7.5% Increases Every 5 Years
  • High-Performing Location, Profitable in First Year of Opening
  • Corporate Guaranty by Topgolf International Inc. (100+ Locations and +/- $1.79 Billion in Revenue)
  • Callaway Golf Co. Acquired Topgolf for $2 Billion in 2020
  • Average Unit-Level Sales of $17 Million and $6.8 Million in Estimated Earnings (EBITDA)
  • State-of-the-Art Design and Construction, 72 Outdoor Climate-Controlled Hitting Bays with Toptracer Technology
  • 765,000 MSA Population, Historical 15-Year Population Growth of 9.3%
  • 86% of Topgolf's Customers are Under the Age of 45, 42%+ of Residents in Trade Area are Between 18-44

Investment Overview

Marcus & Millichap is pleased to present the Top Golf in Little Rock, AR.

Exclusively Listed By

  • Phil Sambazis

    Executive Managing Director Investments

    (858) 373-3174

    Email Phil

    License(s): CA: 01474991

    San Diego

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego Downtown

Broker of Record

  • Steve Greer

    First Vice President Investments

    (225) 376-6729

    License(s): AR: PB00098133

    Arkansas

Financing By

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