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  • 3818 MACCORKLE AVENUE SE
    CHARLESTON, WV 25304
Commercial Real Estate Services

11400 Outlet Dr - Topgolf 46,678 SF Sports & Entertainment Building Offered at $35,500,000 at a 6.03% Cap Rate in Knoxville, TN 37932

11400-Outlet-Dr-Knoxville-TN-Building-Photo-1-HighDefinition

Investment Highlights

  • 10% increases every 5 years , first increase in starts 2027

Executive Summary

Constructed in 2022… Prime investment asset located in the center of Knoxville TN. Triple net lease guaranteed by Callaway Golf with 18 years remaining and 10% increases every 5 years. Hospitality and retail development surrounding the property. Located just off I-40 at the intersection of highway 140. Call for details….Motivated Seller !

Data Room

  • Operating and Financials

Financial Summary (Actual - 2022)

 Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Net Operating Income - -

Property Facts

Price $35,500,000 Building Class B
Price Per SF $761 Lot Size 13.63 AC
Sale Type Investment Building Size 46,678 SF
Cap Rate 6.03% No. Stories 2
Property Type Sports & Entertainment Year Built 2022
Property Subtype Golf Course/Driving Range

Links

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11400 Outlet Dr, Knoxville, TN - aerial map view - Image1
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11400 Outlet Dr, Knoxville, TN - aerial map view - Image5
11400 Outlet Dr, Knoxville, TN - aerial map view - Image6

PROPERTY TAXES

Parcel Numbers
Multiple
 
  • 131-02305
  • 130-15406
 Improvements Assessment $0 (2023)
Land Assessment $0 (2023) Total Assessment $10,829,360 (2023)

zoning

Zoning Code C2 (Central Business District)

Walk Score

Property Type

For Sale

Status

Available

Listing Agent

Mike Thompson - Realcorp, LLC.

Email

mpt@Realcorpinc.com

Phone

304-541-7000
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