0 Outlet Dr Knoxville, TN 37932

This exceptional investment opportunity presents a fee-simple ownership of a Topgolf facility in Knoxville, Tennessee. Built in 2022, this 46,678 square foot, single-tenant property boasts a strong 6.03% cap rate and a substantial net operating income (NOI) of $2,142,000. The property is situated on Outlet Dr, conveniently located off I-40 at the intersection of Highway 140, within a thriving retail and hospitality development. The absolute NNN lease, featuring a corporate guarantee from Callaway Golf, provides exceptional security and stability. With 18 years remaining on the lease term, commencing June 1, 2022, and rent bumps of 10% every five years, this asset offers significant long-term growth potential. The property features zero loading docks. Two lease options are available. The asking price is $35,700,000. This prime investment asset offers a compelling combination of strong cash flow, secure tenancy, and significant upside potential. The motivated seller invites inquiries for further details.