2140 Byberry Rd - TopGolf
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
2140 Byberry Rd - TopGolf
68,000 SF Sports & Entertainment Building Offered at £43,845,369 at a 6.50% Net Initial Yield 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 | £43,845,369 | Building Class | B |
| Price Per SF | £645 | Lot Size | 16.42 AC |
| Sale Type | Investment NNN | Building Size | 68,000 SF |
| Net Initial Yield | 6.50% | Number of Floors | 3 |
| Property Type | Sports & Entertainment | Year Built | 2022 |
| Property Subtype | Golf Course/Driving Range | Parking Ratio | 0.88/1,000 SF |
| Price | £43,845,369 |
| Price Per SF | £645 |
| Sale Type | Investment NNN |
| Net Initial Yield | 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 |
| Number of Floors | 3 |
| Year Built | 2022 |
| Parking Ratio | 0.88/1,000 SF |
PROPERTY TAXES
| Parcel Number | 882966332 | Improvements Assessment | £28,533,196 |
| Land Assessment | £9,984,471 | Total Assessment | £38,517,667 |
PROPERTY TAXES
Parcel Number
882966332
Land Assessment
£9,984,471
Improvements Assessment
£28,533,196
Total Assessment
£38,517,667
zoning
| Zoning Code | I1 (Amusement Golf Course) |
| I1 (Amusement Golf Course) |
1 of 7
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
2140 Byberry Rd - TopGolf
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.