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    2140 Byberry Rd Philadelphia, PA 19116

    Sponsored
    For Sale
    Contact for pricing

    High-return, NNN-leased Topgolf property.

    Property size:
    68,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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.

    Property Features for 2140 Byberry Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    68,000 SF
    Class
    A
    Lot Size
    714,384 SF

    Building Details

    Year Built/Renovated
    2022/2022
    Buildings
    1
    Stories
    3

    HighLights

    • Brand new 2022 construction in a highly desirable Northeast Philadelphia location.
    • 20‑year absolute NNN lease with four 5‑year renewal options and 10% rent increases every 5 years; zero landlord responsibilities.
    • Topgolf's $29,123,383 investment created a state‑of‑the‑art, three‑level venue with over 100 all‑weather hitting bays.
    • Unique, industry‑leading Topgolf tenant.
    • Irreplaceable location at the Hwy 1/Hwy 63 intersection in Northeast Philadelphia, one mile from the Northeast Philadelphia Airport, serving a strong trade area.
    • Excellent demographics with an affluent population and dense daytime workforce, supported by synergistic new development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Topgolf Restaurant Topgolf Philadelphia Restaurant Mancuso Associates Tax Preparation Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.00266
    Latitude
    40.106948

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    FAQs

    What type of property is this?
    Individual retail property - High-return, NNN-leased Topgolf property.
    Where is this individual retail property located?
    The property is located at 2140 Byberry Rd Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $56,036,000.
    What are key features of this property?
    This property features: Brand new 2022 construction in a highly desirable Northeast Philadelphia location.; 20-year absolute NNN lease with four 5-year renewal options and 10% rent increases every 5 years; zero landlord responsibilities.; Topgolf's $29,123,383 investment created a state-of-the-art, three-level venue with over 100 all-weather hitting bays.
    Request Owner's contact information
    2140 Byberry Rd Philadelphia, PA 19116
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    Philadelphia, PA 19116
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2140 Byberry Rd Philadelphia, PA 19116
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