220 N Carillon Pky Saint Petersburg, FL 33716

This exceptional investment opportunity presents a brand-new, 67,521 square foot TopGolf entertainment complex situated on 12.09 acres in Saint Petersburg, Florida, zip code 33716, at 220 N Carillon Pky. The property benefits from an absolute triple-net (NNN) lease with Topgolf, a leading entertainment company projecting $1.9 billion in revenue for 2023 and demonstrating a 30% average annual growth rate since 2017. The lease includes both land and building, providing valuable depreciation benefits. This prime location within the Gateway Area and Carillon Office Park is highly desirable and irreplaceable, situated adjacent to Echelon City Center, a premier mixed-use development boasting over 172,000 square feet of retail space, 500,000+ square feet of office space, and a 120-room hotel, ensuring high consumer traffic. The property benefits from a strong rental growth structure, featuring 10% rent increases every five years throughout the initial lease term and each of the four five-year renewal options. This thriving location is in a top-ranked market; the Tampa-St. Petersburg area was recognized as the #1 Emerging Tech Hub in the U.S. by Forbes. The area boasts a population exceeding 37,000 within a five-mile radius and an average household income surpassing $108,000. The asking price for this exceptional investment is $52,770,000.