TopGolf

Topgolf is a golf-focused entertainment company that runs large, destination venues built around a modern driving range, full food and drink service, and group event space. Each location offers multi-level, climate-controlled bays where guests hit tracked golf balls at targets, with a full bar, sharable menus, and music or live sports helping the venues function as social hangouts as much as practice facilities. The result is a format that attracts both serious golfers and people who simply want a night out with friends, coworkers, or family.

The company began in 2000 in the United Kingdom, created as a more engaging way to practice golf by using microchipped balls and scoring technology to turn each shot into a game. Over time, Topgolf moved its center of gravity to the United States and refined the model into a mix of competitive play, sports bar, and event venue that works across a wide range of markets and climates. A key milestone came when the brand scaled past 100 venues globally, proving that the concept could be replicated at meaningful scale and opening the door to a sustained development pipeline in new metros.

As of December 2025, Topgolf operates 112 venues across the United States and select international markets, with a footprint concentrated in major metropolitan areas and fast-growing suburban corridors. Locations are commonly placed along prominent highway frontages or within mixed-use and entertainment districts, where visibility, access, and strong evening and weekend traffic patterns help the venues perform as regional draws. These sites support a diverse set of uses, from corporate outings and team-building events to league play and family gatherings, which helps drive traffic across multiple dayparts and throughout the week.

Over roughly the last five years, the brand has evolved from an innovative range concept into one of the most recognizable names in off-course golf, supported by its affiliation with Topgolf Callaway Brands Corp. and the broader Callaway Golf Company. In that period, Topgolf has continued to open new large-format venues in both established major markets and growth markets, often as part of larger entertainment or mixed-use projects that benefit from a destination anchor. While the company has adjusted the pace of new openings at times in response to economic conditions, its development activity and continued entry into new trade areas signal an ongoing growth posture.

For landlords, brokers, and developers, Topgolf functions as a high-profile experiential anchor that can reposition underutilized sites and help establish or reinforce regional entertainment nodes. The venues require meaningful site area, visibility, and infrastructure, but they also bring significant parking demand, extended operating hours, and consistent evening and weekend traffic that can support surrounding retail, restaurant, hotel, and entertainment uses. As the company continues to refine its format and expand its footprint, it remains a relevant tenant candidate for projects that lean on traffic-driving entertainment rather than traditional big-box retail.