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For Lease: 19 yrs,TopGolf, Oxon Hill,National harbor,Washington DC,USA

GBP 11,501,560
,
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986
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To Let
FeaturesFacts
Cap Rate4.75%
Building Size 62,000 sqft
Lease Type Ground
Price Per Sqft $230.23
Lease Expire Year 11/30/2038
NOI $678,000
Lot Area 15 acres
Year Built 2018
Tenancy Single
Demand $14,274,000
Sourcing Fee2%
Description

Rare Topgolf Ground Lease with 20 year lease term including 10% rent increases every 5 years along with four 5 year renewal options. The property contains 15 acres with low rent per square foot of $1.04 for the land. Topgolf is a global sports entertainment chain that features year-round golf, food, beverage & music with 52 locations in the US, 3 in the U.K & 1 in Australia.

Highlights
  • Topgolf is located next to the National Harbor development with 12 million visitors annually.
  • Topgolf will draw customers from Gaylord National Resort & Convention Center (2,000 hotel rooms, 546,889 sf meeting space); MGM National Harbor (125,000 sf of gaming space, 308 hotel rooms, 3,000 seat venue); AC Hotel National Harbor (192 hotel rooms); Harborside Hotel (194 rooms); 423 lavish residential units and 250 time shares nearby.
  • Amazon HQ2 will be located in Arlington, Virginia a short seven miles away from Topgolf. Amazon plans 2.1 million square feet across two 22 story building which will employ 25,000 people.
  • Topgolf is minutes away White House, Washington Monument, and Lincoln Memorial with all three airports (DCA, BWI, IAD) nearby and directly accessible via the Woodrow Wilson Bridge, the Capital Beltway, I-95, I-494, andI-295.

Disclaimers: Information provided here for illustration purposes only and may be subject to change from time to time. Prices shown here always will be the prices to pay in local currency. Please contact the agent to be certain for pricing, specification, viewing, booking and reservation process and for any other queries you may have. Any viewings are strictly subject to the due process and pre-orgasined with the agent only. All purchases are subject to a sourcing fee, payable to The BBPEstates Global, as mutually agreed, unless otherwise stated within the description area.  BBPEstates may not be the exclusive agent and this can be sourced from one of its various channels, please inquire for further details.

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Country: United States
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Property Id : 22238
Price: GBP 11,501,560
Property Size: 62,000.00 ft2
Year Built: 2018
Higher Return on Investment
New Development
walkscore7 / Car-Dependent more details here

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