777 Dedham St Canton, MA 02021
- Golf courses & driving ranges
- 60,781 SF
- 12.19 lot acres
Current Use by Public Records
- Topgolf Boston - Canton / Golf Driving Range / Golf Instructor
Property Details for 777 Dedham St
- Year built
- 2023
- Lot size
- 12.19 lot acres
- Property size
- 60,781 SF
- Property type
- 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.
Value Estimation
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Canton
- County
- Norfolk
- State
- Massachusetts
- Longitude
- -71.1515864
- Latitude
- 42.1943206
