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777 Dedham St Canton, MA 02021

Prime Boston MSA location, 20-year NNN lease.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a brand-new, three-story Topgolf facility in Canton, Massachusetts. Situated on a 12.19-acre lot, the 60,781 square foot building boasts over 90 climate-controlled hitting bays and a driving range. The property benefits from a highly desirable location in the Boston MSA, specifically within Norfolk County, known for its high household income and proximity to numerous corporate headquarters. This strategic positioning ensures strong corporate event usage and high traffic. The absolute NNN lease commenced November 2, 2023, and extends for 20 years, with six five-year renewal options. Rent increases by 10% every five years. The lease includes a corporate guarantee from Topgolf International, Inc., providing significant financial security. The projected Net Operating Income (NOI) for the first year is $4,082,926. This single-tenant property offers a rare opportunity to acquire a premier asset in a thriving entertainment sector, with a long-term lease and substantial growth potential. The building was constructed in 2023 and is easily accessible via I-95.

Highlights

  • Located in the wealthiest county in the state, within the Boston-Cambridge-Newton CSA, the 6th largest in the US.
  • Rare Boston investment opportunity.
  • Excellent location near a high concentration of Topgolf's target demographic.
  • Full corporate guaranty.
  • New 20-year lease; no landlord responsibilities.
  • 60,781 SF, three-story building on a ~12.19-acre lot.

Property Details for 777 Dedham St

Property type
Golf courses & driving ranges, Specialty properties
Square Feet
60,781 SF
Year Built
2023
Buildings
1
Stories
3
Lot Size (sq. ft)
530,996 SF

Location Insight

City
Canton
County
Norfolk
State
Massachusetts
Latitude
42.1943206
Longitude
-71.1515864

FAQs

What type of property is this?
Golf course & driving range - Prime Boston MSA location, 20-year NNN lease.
Where is the golf course & driving range located?
The property is located at 777 Dedham St Canton, MA.
What are key features of this property?
This property features: Located in the wealthiest county in the state, within the Boston-Cambridge-Newton CSA, the 6th largest in the US.; Rare Boston investment opportunity.; Excellent location near a high concentration of Topgolf's target demographic.
How can I contact the broker?
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777 Dedham St
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