2140 Byberry Rd - TopGolf
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2140 Byberry Rd - TopGolf
68,000 SF Sports & Entertainment Building Offered at $56,036,000 at a 6.50% Cap Rate in Philadelphia, PA 19116
Investment Highlights
- Brand New 2022 Construction in Incredibility High Barrier to Entry Location | Northeast Philadelphia Location - Halfway between Trenton & Philadelphia
- State-of-the-Art Design and Construction | Topgolf Invested $29,123,383 in Improvements | Signature Three-Level Venue & 100 + All-Weather Hitting Bays
- Irreplaceable Hwy 1/Hwy 63 Intersection Location in Northeast Philadelphia | 1 Mile from Northeast Philadelphia Airport | Dynamic Trade Area
- Long-Term Commitment | 20 Year Absolute NNN | Zero Landlord Responsibilities | 10% Rental Increases every 5 years | Four Five Year Renewal Options
- Unique and Industry-Leading Tenancy
- Affluent Demographics | Ideal Target Customer Base | Dense Daytime Working Population | Synergistic New Development
Executive Summary
Lease Term: May 20, 2022 - May 21st, 2042 (18.8 Years Remaining)
Renewal Options: Four (4), Five (5) Year
Annual Rent (PSF): $3,624,326.65 ($53.56 PSF)
Rental Increased: 10% every 5 years
Lease Structure: Absolute NNN
Ownership Interest: Fee Simple (Land & Building)
Renewal Options: Four (4), Five (5) Year
Annual Rent (PSF): $3,624,326.65 ($53.56 PSF)
Rental Increased: 10% every 5 years
Lease Structure: Absolute NNN
Ownership Interest: Fee Simple (Land & Building)
Property Facts
| Price | $56,036,000 | Building Class | B |
| Price Per SF | $824 | Lot Size | 16.42 AC |
| Sale Type | Investment NNN | Building Size | 68,000 SF |
| Cap Rate | 6.50% | No. Stories | 3 |
| Property Type | Sports & Entertainment | Year Built | 2022 |
| Property Subtype | Golf Course/Driving Range | Parking Ratio | 0.88/1,000 SF |
| Price | $56,036,000 |
| Price Per SF | $824 |
| Sale Type | Investment NNN |
| Cap Rate | 6.50% |
| Property Type | Sports & Entertainment |
| Property Subtype | Golf Course/Driving Range |
| Building Class | B |
| Lot Size | 16.42 AC |
| Building Size | 68,000 SF |
| No. Stories | 3 |
| Year Built | 2022 |
| Parking Ratio | 0.88/1,000 SF |
PROPERTY TAXES
| Parcel Number | 882966332 | Improvements Assessment | $36,466,477 |
| Land Assessment | $12,760,523 | Total Assessment | $49,227,000 |
PROPERTY TAXES
Parcel Number
882966332
Land Assessment
$12,760,523
Improvements Assessment
$36,466,477
Total Assessment
$49,227,000
zoning
| Zoning Code | I1 (Amusement Golf Course) |
| I1 (Amusement Golf Course) |
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2140 Byberry Rd - TopGolf
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