For Sale
$56,499,364

1411 Warner St Baltimore, MD 21230

High-Yield, NNN-Leased Golf Entertainment Venue

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity presents a fee-simple ownership interest in a brand-new (2022 construction) Topgolf facility located at 1411 Warner St, Baltimore, MD 21230. The property boasts a substantial 68,000 square feet of net rentable space, currently under an absolute NNN lease with a corporate guarantor holding a B+ S&P rating. The lease features built-in rental increases and has a remaining term of 19+ years, providing significant long-term stability and predictable cash flow. The property's strong financial performance is reflected in its impressive NOI of $3,559,460 and a 6.30% cap rate, based on an asking price of $56,499,364 ($872.42/sq ft). Situated in a prominent location near downtown Baltimore with easy access to Interstates 95 and 395, the property benefits from strong demographics and high consumer spending within a 5-mile radius, including proximity to the 300,000 square foot Baltimore Convention Center. As a fee-simple ownership, this investment offers zero landlord responsibilities, making it an exceptionally attractive and low-maintenance opportunity. The unique and industry-leading Topgolf tenancy provides further assurance of consistent revenue generation. This is a rare chance to acquire a premier, high-performing asset in a thriving market.

Highlights

  • Corporate guaranteed lease, S&P rating B+.
  • 19+ year lease term.
  • Absolute NNN lease with built-in rental increases.
  • Brand new 2022 construction.
  • Prominent location near Downtown Baltimore.
  • Fee simple ownership; zero landlord responsibilities.

Property Details for 1411 Warner St

Property type
Golf courses & driving ranges, Specialty properties

Location Insight

City
Baltimore
County
Baltimore City
State
Maryland
Latitude
39.2747128
Longitude
-76.6245788
1411 Warner St, Baltimore, Maryland

FAQs

What type of property is this?
Golf course & driving range - High-Yield, NNN-Leased Golf Entertainment Venue
Where is the golf course & driving range located?
The property is located at 1411 Warner St Baltimore, MD.
What is the asking price?
The asking price for this property is $56,499,364.
What are key features of this property?
This property features: Corporate guaranteed lease, S&P rating B+.; 19+ year lease term.; Absolute NNN lease with built-in rental increases.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1411 Warner St
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