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Hanley Investment Group closes $7.67 million sale of Topgolf property in Omaha

March 5, 2024
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Photo courtesy of Hanley Investment Group.

Hanley Investment Group Real Estate Advisors arranged the sale of a new, single-tenant triple-net-leased investment property occupied by Topgolf in Omaha, Nebraska. This is presently Topgolf’s first and only location in Nebraska. The sale price was $7.67 million.

Hanley Investment Group’s Executive Vice Presidents Jeff Lefko and Bill Asher represented the seller and developer, a private investor based in Omaha. The buyer, a private investor based in the Houston, Texas metro, was represented by Ashish Wadhwani of Wadhwani Holdings of Richmond, Texas.

The Topgolf-occupied property is located at 908 N. 102nd St., adjacent to Interstate 680 (112,000 cars per day) and Route 6/West Dodge Road (117,000 cars per day) on/off ramps. It also neighbors Chipotle Mexican Grill Drive-Thru, X-Golf, and a future nine-acre Class A mixed-use development. The 24,496-square-foot Topgolf building was constructed in 2020 and sits on 10.16 acres.

The Omaha Topgolf facility features 72 climate-controlled hitting bays, a full-service restaurant with an executive chef, bars, private event space, a rooftop terrace, and over 200 HDTVs throughout the facility showing a variety of sporting events.

In February 2023, on behalf of the seller, Hanley Investment Group’s Lefko and Asher brokered the sale of the two-tenant retail investment occupied by Chipotle and X-Golf adjacent to the Omaha Topgolf. Hanley Investment Group procured an all-cash 1031 exchange buyer based in Colorado.

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