2140 Byberry Rd - Sports and Entertainment FOR SALE


Philadelphia, PA 19116- Northeast Philadelphia
$56,036,000 USD
949-244-6644
2140 Byberry Rd, Philadelphia, PA for Sale
$56,036,000 USD
Sports and Entertainment - FOR SALE
1/6
null | 7% Cap Rate

2140 Byberry Rd
Philadelphia, PA 19116
Northeast Philadelphia


HIGHLIGHTS

  • Brand New 2022 Construction in Incredibility High Barrier to Entry Location | Northeast Philadelphia Location - Halfway between Trenton & Philadelphia
  • Long-Term Commitment | 20 Year Absolute NNN | Zero Landlord Responsibilities | 10% Rental Increases every 5 years | Four Five Year Renewal Options
  • State-of-the-Art Design and Construction | Topgolf Invested $29,123,383 in Improvements | Signature Three-Level Venue & 100 + All-Weather Hitting Bays
  • Unique and Industry-Leading Tenancy
  • Irreplaceable Hwy 1/Hwy 63 Intersection Location in Northeast Philadelphia | 1 Mile from Northeast Philadelphia Airport | Dynamic Trade Area
  • Affluent Demographics | Ideal Target Customer Base | Dense Daytime Working Population | Synergistic New Development

OVERVIEW

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)

FOR SALE DETAILS

PRICE

$56,036,000 USD

PRICE/SF

$824 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

TopGolf

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

16.42 AC

LAND SF

715,242 SF

ZONING

I1

APN/PARCEL ID

882966332

ASK ABOUT THIS PROPERTY

Matt BerresNewmarkMore Info
949-244-6644

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Matt BerresNewmarkMore Info
949-244-6644

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.