Share This Listing

Message

935 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

220 N Carillon Pky - Topgolf St. Petersburg 67,000 SF Sports & Entertainment Building Offered at $65,756,829 CAD at a 7% Cap Rate in Saint Petersburg, FL 33716

Save this listing!

Favourite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • New Construction Corporate Topgolf Absolute NNN Lease | Includes land and building for depreciation benefits
  • Industry-Dominant Tenant: Topgolf estimates 2023 revenue will be $1.9 billion, with a 30% average annual growth since 2017
  • Irreplaceable Location Within The Gateway Area and Carillon Office Park
  • 10% increases every 5 years Industry-Dominant Tenant | 10% increases every 5 years during the initial term and each of the four 5-year options
  • Adjacent to New Echelon City Center Mixed-Use Development: includes 172,000+ SF of retail, 500,000+ SF of office, 120-room hotel
  • The Tampa - St. Petersburg Market was Ranked the #1 Emerging Tech Hub in the US by Forbes: 37,000 people within a 5-mile radius and an AHHI over $108k

EXECUTIVE SUMMARY

Generational Pride of Ownership Single-Tenant Net Leased Investment Brand New Construction | Rare 10% Increases Every 5 Years

PROPERTY FACTS

Price $65,756,829 CAD
Price Per SF $973.87 CAD
Sale Type Investment
Cap Rate 7%
Property Type Sports & Entertainment
Property Subtype Golf Course/Driving Range
Building Class A
Lot Size 12.09 AC
Building Size 67,521 SF
No. Stories 3
Year Built 2023
Zoning REC

AMENITIES

  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
12-30-16-13463-005-0030
Land Assessment
$12,541,251 CAD
Improvements Assessment
$29,852,082 CAD
Total Assessment
$42,393,333 CAD
  • Listing ID: 30141057

  • Date on Market: 2023-11-21

  • Last Updated:

  • Address: 220 N Carillon Pky, Saint Petersburg, FL 33716

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}