777 Dedham StCanton, MA 02021

Property Details for 777 Dedham St

Year built

2023

Lot size

12.19 AC

Property size (Sq ft)

60,781 SF

Property type

Sports & entertainment properties

Property subtype

Golf courses & driving ranges

Description

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.

Location Insight

City

Canton

County

Norfolk

State

Massachusetts

Latitude

42.1943

Longitude

-71.1516

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