2140 Byberry RdPhiladelphia, PA 19116

This exceptional investment opportunity presents a fee-simple ownership of a brand-new, three-story, 68,000 square-foot Topgolf entertainment complex in Philadelphia, PA. Built in 2022, this Class A property boasts a 20-year absolute triple-net lease with a corporate guarantee from Topgolf, offering significant long-term stability and minimal landlord responsibilities. The lease commenced May 20, 2022, and includes four five-year renewal options, extending the lease to May 31, 2042. The property sits on a 16.4-acre lot at a prime location, featuring 100+ all-weather hitting bays and a state-of-the-art design. With a current NOI of $3,642,327 and a 6.50% cap rate, this offering presents a compelling return on investment. The property benefits from a strong, affluent demographic and a dense daytime working population, ensuring consistent high occupancy. Topgolf invested $29,123,383 in improvements. The asking price is $56,036,000. The property is currently 100% occupied. Rent increases of 10% are built into the lease every five years. This is a single-tenant property with approximately 500 employees. The address is 2140 Byberry Rd, Philadelphia, PA 19116.