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5000 TopGolf Way - Topgolf - Charleston-North Charleston MSA

48,000 SF Sports & Entertainment Building Offered at £31,197,059 at a 6% Net Initial Yield in North Charleston, SC 29418

Investment Highlights

  • HIGH PERFORMING TOPGOLF LOCATION - CONTACT BROKERS FOR FURTHER INFORMATION
  • 10+ Acres of Interstate Frontage
  • Topgolf International, Inc Corporate Guaranty
  • More than 126,600 Residents in 5-mile Trade Area

Executive Summary

SRS is pleased to announce the sale of an exceptional Absolute NNN investment opportunity, Topgolf North Charleston. Built in 2022 and strategically situated directly off Interstate 26 and 526, this premier entertainment destination boasts a wide array of attractions, including a 9-hole mini golf course, climate-controlled hitting bays, a striking 28-foot video wall, and an upscale restaurant featuring an accomplished Executive Chef. The property's immediate vicinity is home to esteemed national credit tenants like Chick-fil-A, Buffalo Wild Wings, Nike Factory Store, Sam's Club, and Walmart Supercenter, guaranteeing a consistent influx of visitors. Furthermore, the asset benefits from its proximity to the bustling Charleston International Airport, the adjacent 150,000 SF Charleston Convention Center, and the renowned Tanger Outlets. The lease includes an impressive 19+ years of remaining term, encompassing 4 additional 5-year option periods, and is secured by a corporate guaranty from Topgolf International, Inc. This opportunity presents a solid and secure investment in a prime location.

Property Facts

Price £31,197,059
Price Per SF £650
Sale Type Investment
Net Initial Yield 6%
Sale Conditions Design & Build
Property Type Sports & Entertainment
Property Subtype Golf Course/Driving Range
Building Class B
Lot Size 10.05 AC
Building Size 48,000 SF
Number of Floors 2
Year Built 2022
Parking Ratio 12.35/1,000 SF

Amenities

  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
400-00-00-123
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£17,809

zoning

Zoning Code CRD (Commercial Redevelopment)
CRD (Commercial Redevelopment)
  • Listing ID: 29441368

  • Date on Market: 09/01/2023

  • Last Updated:

  • Address: 5000 TopGolf Way, North Charleston, SC 29418

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