220 CARILLON PKWY St Petersburg FL 33716-1242

CLICK HERE FOR COMPLETE OFFERING MEMORANDUM: https://bit.ly/TOPGOLF-STPETERSBURG

• New Construction Corporate Topgolf Absolute NNN Lease:

  • Includes land and building for depreciation benefits

  • New 20-year absolute NNN lease

  • 10% increases every 5 years during the initial term and each of the four 5-year options

  • The property features 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

  • In 2021, Topgolf was acquired by Callaway Golf Co. (NYSE: ELY) in an all-stock deal that values Topgolf's net worth at $3.63 Billion as of July 19, 2023

  • Florida is an income-tax-free state

• Industry-Dominant Tenant: Topgolf estimates 2023 revenue will be $1.9 billion, with a 30% average annual growth since 2017

• Adjacent to New Echelon City Center Mixed-Use Development: The project will include 172,000+ SF of retail, 500,000+ SF of office, 120-room hotel, and 1,500+ residential units

• Irreplaceable Location Within The Gateway Area and Carillon Office Park:

  • Over one-third of Topgolf’s revenue is derived from corporate events – the property is located within the Gateway area and Carillon Office Park; The Gateway area supports more than 2,700 businesses and 60,000 employees

  • Carillon Office Park houses over 3 million square feet of office space, including corporate offices for Raymond James, Lincoln Financial, Humana, HSN, and Transamerica

  • 86% of Topgolf’s customers are under the age of 45

  • 40% of residents within a 5-mile radius are between the ages of 18 to 44

• The Tampa - St. Petersburg Market was Ranked the #1 Emerging Tech Hub in the US by Forbes: 137,000 people within a 5-mile radius and an AHHI over $108k within a 1-mile radius