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    FOR LEASE
    Turn key restaurants

    780 Logan Ave N, Renton, WA 98057

    32,095 SF 13.68 ac lot Built 1957
    Entity Owned 3-yr Hold Absentee Owner Free & Clear
    Property ID
    US90-0710420
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a fee-simple ownership interest in a 74,025-square-foot Topgolf entertainment complex situated on 10.54 acres in Renton, Washington. Located at 780 Logan Ave N, 98057, this property enjoys a prime location less than two minutes from Interstate 405, providing easy access to major transportation arteries. The property benefits from its proximity to significant regional attractions, including Boeing's Renton manufacturing plant, the Seattle Seahawks headquarters, and The Renton Landing Shopping Center. Built in 2022, this single-tenant property boasts 100% occupancy under an absolute NNN lease with a credit-rated, corporate-guaranteed tenant. The lease has a remaining term of 18.8 years and includes rent bumps. Topgolf, a publicly traded company, provides a high-profile, stable tenant with a strong credit rating. Renton's rapid growth, coupled with the property's strategic location and the tenant's financial strength, makes this a compelling investment opportunity. The property's size and modern construction, combined with the long-term lease and rent escalations, offer significant potential for appreciation and strong cash flow. Washington State's lack of state income tax further enhances the investment's attractiveness. This is a rare chance to acquire a premier, generational asset in a thriving market.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1957
    Construction CONCRETE
    Total area 32,095 SF
    Lot 13.68 ac (596,013 SF)
    Zoning code UC
    APN 088661-0010
    UPID US90-0710420
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $2.61M
    Owner & transaction history
    City Of Renton · 3 yrs held
    City Of Renton
    since 2022
    7 recorded transactions
    2022
    2022
    2022
    2021
    2019
    $49.0M
    2019
    2010
    $10.0M
    Zoning & alternative use
    UC · Renton, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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