301 Meadow Farm Dr - Topgolf
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301 Meadow Farm Dr - Topgolf
33,032 SF Sports & Entertainment Building Offered at a 6.75% Cap Rate in Lafayette, LA 70508
Investment Highlights
- Long-Term Corporate Lease Guaranteed by Topgolf International Inc.
- Brand New 2023 Construction with State-of-the-Art Features
- Large Depreciation Benefits Due to Nature of the Improvements
- Absolute Net Lease - Zero Landlord Obligations
- Located at Lafayette’s ‘Main-at-Main’ Intersection in the Premier Regional Shopping Destination - Ambassador Town Center Anchored by Costco & Dick’s
Executive Summary
The subject property is approximately 6.5 miles south of downtown Lafayette with excellent access and visibility along Lafayette’s primary retail corridor. The site benefits from robust demographics with a total daytime population of approximately 343,000 within 15 miles and an average household income of $90,347 within a 10-mile radius.
The property benefits from a prominent retail location in close proximity to shopping centers, major retail tenants, schools, and employers. Nearby retail centers include Ambassador Town Center (5.8 million visits per year, per Placer.ai), featuring Costco, Dick’s Sporting Goods, Field & Stream, Marshalls, HomeGoods, Nordstrom Rack, PetSmart, Sonic, BJ’s Restaurant & Brewhouse, Chick-fil-A and more; Crossroads South shopping center, anchored by Albertsons and Kohl’s with Petco, DSW, Starbucks, and Five Guys; and River Marketplace, which includes Target, Ross, Total Wine, Books-A-Million, Buffalo Wild Wings, Raising Cane’s, and more. Other notable nearby tenants include The Grand Theatre 14-screen movie theater, ALDI, Academy Sports, At Home, Whole Foods and Dave & Buster’s.
This property is listed in conjunction with Louisiana-licensed real estate broker Felicity Property Co.
The property benefits from a prominent retail location in close proximity to shopping centers, major retail tenants, schools, and employers. Nearby retail centers include Ambassador Town Center (5.8 million visits per year, per Placer.ai), featuring Costco, Dick’s Sporting Goods, Field & Stream, Marshalls, HomeGoods, Nordstrom Rack, PetSmart, Sonic, BJ’s Restaurant & Brewhouse, Chick-fil-A and more; Crossroads South shopping center, anchored by Albertsons and Kohl’s with Petco, DSW, Starbucks, and Five Guys; and River Marketplace, which includes Target, Ross, Total Wine, Books-A-Million, Buffalo Wild Wings, Raising Cane’s, and more. Other notable nearby tenants include The Grand Theatre 14-screen movie theater, ALDI, Academy Sports, At Home, Whole Foods and Dave & Buster’s.
This property is listed in conjunction with Louisiana-licensed real estate broker Felicity Property Co.
Property Facts
| Sale Type | Investment | Lot Size | 11.66 AC |
| Cap Rate | 6.75% | Building Size | 33,032 SF |
| Property Type | Sports & Entertainment | No. Stories | 2 |
| Property Subtype | Golf Course/Driving Range | Year Built | 2023 |
| Building Class | A |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| Property Type | Sports & Entertainment |
| Property Subtype | Golf Course/Driving Range |
| Building Class | A |
| Lot Size | 11.66 AC |
| Building Size | 33,032 SF |
| No. Stories | 2 |
| Year Built | 2023 |
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PROPERTY TAXES
| Parcel Number | 6171796 | Improvements Assessment | $0 CAD |
| Land Assessment | $2,770 CAD | Total Assessment | $2,770 CAD |
PROPERTY TAXES
Parcel Number
6171796
Land Assessment
$2,770 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,770 CAD
zoning
| Zoning Code | 2 |
| 2 |
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301 Meadow Farm Dr - Topgolf
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