2140 Byberry Rd Philadelphia, PA 19116
- Golf courses & driving ranges
- 68,850 SF
- 16.42 lot acres
Current Use by Public Records
- Topgolf / Restaurant
- Topgolf Philadelphia / Restaurant
- Mancuso Associates / Tax Preparation
Property Details for 2140 Byberry Rd
- Year built
- 2022
- Lot size
- 16.42 lot acres
- Property size
- 68,850 SF
- Zone code
- I1
- Property type
- Golf courses & driving ranges
- APN
- 88-2-9663-32
- APU
- 882966332
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $635,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.0027
- Latitude
- 40.107
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
