1411 Warner St Baltimore, MD 21230

Property Details for 1411 Warner St

Year built

2022

Construction

FRAME

Lot size

6.34 lot acres

Property size

73,080 SF

Zone code

C-5DC

Property type

Specialty properties

APN

21-09-0845 -001

APU

21090845001

Description

This exceptional investment opportunity presents a fee-simple ownership interest in a brand-new (2022 construction) Topgolf facility located at 1411 Warner St, Baltimore, MD 21230. The property boasts a substantial 68,000 square feet of net rentable space, currently under an absolute NNN lease with a corporate guarantor holding a B+ S&P rating. The lease features built-in rental increases and has a remaining term of 19+ years, providing significant long-term stability and predictable cash flow. The property's strong financial performance is reflected in its impressive NOI of $3,559,460 and a 6.30% cap rate, based on an asking price of $56,499,364 ($872.42/sq ft). Situated in a prominent location near downtown Baltimore with easy access to Interstates 95 and 395, the property benefits from strong demographics and high consumer spending within a 5-mile radius, including proximity to the 300,000 square foot Baltimore Convention Center. As a fee-simple ownership, this investment offers zero landlord responsibilities, making it an exceptionally attractive and low-maintenance opportunity. The unique and industry-leading Topgolf tenancy provides further assurance of consistent revenue generation. This is a rare chance to acquire a premier, high-performing asset in a thriving market.

Location Insight

City

Baltimore

County

Baltimore City

State

Maryland

Longitude

-76.6243

Latitude

39.2745

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments