•	The tenant, Topgolf, has 19+ years remaining on their lease with a corporate guaranty by Topgolf International, Inc.
•	In October 2020, Topgolf was acquired by Callaway Golf Co. (NYSE: ELY) in an all-stock deal that values Topgolf net worth of $3.63 Billion as of July 19, 2023
•	There are 4 (5-year) in place options to extend the lease, generating a potential 40-year occupancy
•	The lease boasts 10% rental increases every 5 years, including each
option to extend
•	New prototype concept that includes 9-hole mini golf course
•	Topgolf Wichita is the city’s premier entertainment destination
•	52 climate-controlled hitting bays provide year-round comfort
•	The complex includes a 22-foot video complimented by an
additional 100+ HDTVs
•	The Topgolf Wichita restaurant is accommodated by an accomplished Executive Chef and supported by an experienced team that uses high-quality ingredients to deliver a fresh twist on familiar favorites

Wichita KS - Top Golf OM.pdf

•	Topgolf is strategically located at the signalized, hard corner intersection of E 29th Street N and Greenwich Rd
•	The immediate trade area is supported by surrounding retailers such as Target, Hobby Lobby, Marshalls, Academy Sports & Outdoors, and more
•	Ideally positioned 1 block North of the Greenwich Place Shopping Center, which features 150,000+ SF of retail space anchored by Michaels, ULTA, World Market, and more
•	The newly built Stoney Point Townhome development (65+ units) is directly next door, providing a direct consumer base from which to draw
•	According to the Kansas Commerce website, the city is experiencing new development such as Integra Technologies’ $1.8B Wichita Semiconductor Plant which will create nearly 2,000 new jobs
•	More than 98,000 residents and 61,000 employees support the trade area
•	$133,070 average household income within a 1-mile radius
•	14 miles from Downtown Wichita, providing residents with a short and convenient commute to the site

Wichita, KS - Topgolf

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<p>Ivy Kwon joined SRS Real Estate Partners in 2017 and is a Senior Marketing Associate in the Newport Beach office. Ivy is responsible for online marketing including social media and email marketing for SRS’ Capital Markets team. She also oversees pipeline management and coordinates events. Before joining SRS, Ivy worked in the entertainment industry doing marketing and merchandising. </p><p>Ivy has a BA degree from Chapman University. </p>

Off Market

Wichita, KS - Topgolf

Description

Location

Contact

Patrick Nutt

William Wamble

Matthew Mousavi

Patrick Luther, CCIM