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 !

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

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

Email

mpt@Realcorpinc.com

Phone

304-541-7000

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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

Investment Highlights

Executive Summary

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Financial Summary (Actual - 2022)

Property Facts

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PROPERTY TAXES

zoning

Walk Score

Property Type

Status

Listing Agent

Email

Phone

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