Property profile

780 Logan Ave N Renton, WA 98057

FOR LEASE
Turn key restaurants
Property ID
US90-0710420
32,095 SF 13.68 ac lot Built 1957
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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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

Location

780 Logan Ave N Renton, WA 98057
Renton metro Census 25303 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$2.61M

Owner & transaction history

since 2022
7 recorded transactions
2022
Price N/A
2022
Price N/A
2022
Price N/A
2021
Price N/A
2019
$49.0M
2019
Price N/A
2010
$10.0M

Zoning & alternative use

UC · Renton, WA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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