400 Pacific Coast Hwy El Segundo, CA 90245

Property Details for 400 Pacific Coast Hwy

Year built

2022

Lot size

26.54 lot acres

Property size

67,500 SF

Property type

Golf courses & driving ranges

Property subtype

Specialty properties

Description

This exceptional investment opportunity presents the chance to acquire a single-tenant, net-leased Topgolf entertainment complex in El Segundo, California. Located at 400 S Pacific Coast Hwy, this 67,500 square foot facility, built in 2022, sits on a 26.54-acre lot and boasts a compelling 6.00% cap rate with a current NOI of $585,000. The property features 102 climate-controlled hitting bays, a rooftop terrace with fire pits and a stage, 200+ HDTVs, a full-service restaurant, multiple bars, and a lower-level lounge. Uniquely, this Topgolf location also incorporates a traditional golf course, designed by Mike Angus, managed and operated by Topgolf as part of their agreement with the City of El Segundo, which owns the underlying land. The lease is an absolute NNN ground lease with a remaining term of 19.1 years, commencing February 17, 2021, and expiring December 21, 2043. Rent increases are structured at 10% every five years, beginning February 17, 2026. This is a highly desirable location, just 1.5 miles from LAX, with excellent visibility on Pacific Coast Highway (65,983 vehicles per day) and convenient access to major freeways. Topgolf, acquired by Callaway Golf Co. (NYSE: MODG), is an industry leader with over 100 locations and annual revenue exceeding $1.76 billion. This investment offers a strong, long-term lease with a highly reputable tenant and significant upside potential. The property's APN is 4138-014-919, 4138-014-920. Six lease options are available.

Location Insight

City

El Segundo

County

Los Angeles

State

California

Longitude

-118.396

Latitude

33.9106