220 Carillon Parkway St. Saint Petersburg, FL 33716

Building Details

Year Built

2023

Listing agency Hanley Investment Group j***@cppcre.com Show Phone

Listed by Joe Caccamo · License #CalDRE #01191110

Source Cppcre

Added: Apr 1 Updated: Jul 10 at 3:56PM Checked: Jul 22 at 4:55AM

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Investment Insights

Based on property information with market context.

This is a generational pride of ownership single-tenant net lease investment featuring a brand new construction Topgolf. The property is subject to a new 20-year absolute NNN lease with 10% increases every 5 years during the initial term and each of the four 5-year options. The facility includes 102 climate-controlled hitting bays, a full-service restaurant with an executive chef, bars, private event space, a rooftop terrace, and over 200 HDTVs throughout the facility showing a variety of sporting events. The property is located in St. Petersburg, Florida, which is an income tax free state.

Key Highlights

• Brand new construction Topgolf absolute NNN lease investment.
• Rare 10% rent increases every 5 years during the initial 20‑year term and option periods.
• Single‑tenant net lease, generational pride of ownership.

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FAQs

What type of property is this?

Golf course & driving range - New construction Topgolf with rare 10% increases every 5 years.

Where is this golf course & driving range located?

The property is located at 220 Carillon Parkway St. Saint Petersburg, FL.

What is the asking price?

The asking price for this property is $47,495,000.

What are key features of this property?

This property features: Brand new construction Topgolf absolute NNN lease investment.; Rare 10% rent increases every 5 years during the initial 20‑year term and option periods.; Single‑tenant net lease, generational pride of ownership.