Topgolf - Greensboro

Investment Overview

Introducing an exceptional investment opportunity in Greensboro, NC: a state-of-the-art 42,240 SF retail building, strategically positioned on 609 Guilford College Road. This modern property, featuring world-class construction by ARCO/Murray, boasts a desirable 20-year absolute NNN lease with Topgolf International, Inc. offering a strong guaranty for the entire lease term. With a prime location, high visibility, and convenient accessibility, this property presents an unmissable opportunity for investors seeking a retail/free-standing building in the thriving Greensboro area.

Investment Highlights

• NEW CONSTRUCTION: 2024 world class construction by Topgolf’s exclusive and award-winning design-build contractor, ARCO/Murray
• LONG TERM NET LEASE: 20-Year absolute NNN lease with several 5-year renewal options
• RENTAL INCREASES: 10% rent bumps every 5 years including each option period
• STRONG GUARANTOR: Extremely rare and valuable Topgolf International, Inc. guaranty for entire lease term
• POPULAR VENUE: 602K+ visits since opening mid-September ranking the venue in the top 35 chainwide (Placer.ai)
• DENSE RESIDENTIAL BASE: 1,680+ apartment units over 91% leased in the immediate vicinity of the venue (Costar)
• DENSE COMMERCIAL AREA: 8+ million SF of retail over 95% leased and 35+ million SF of office/industrial over 93.5% leased in the immediate trade area (Costar) 
• INTERNATIONAL AIRPORT: The Piedmont Triad Airport, with 30,000+ employees and nearly 2 million annual passengers, is 10 minutes away and has a $9 billion impact on the local economy
• CAN’T MISS LOCATION: Maximized exposure with high visibility and convenient accessibility from multiple commercial corridors
• COMPLIMENTARY CO-TENANTS: High traffic generating co-tenants including Main Event, Circle K and StudioRes by Marriott with pending deals with additional national retailers
• HIGH TRAFFIC COUNTS: 18,000+ VPD on Guilford College Rd and 113,000+ VPD on I-40
• DENSELY POPULATED: 148,300+ residents in a 5-mile radius and 283,800+ in a 15-minute drive time (Esri)
• STRONG SUPPORTING INCOMES: $102,400+ average HH income and $71,800+ median HH income within a 5-mile radius (Esri)