Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
UC · Renton, WAZoning
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Zoning designation
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