780 Logan Ave N Renton, WA 98057

Property Details for 780 Logan Ave N

Year built

1957

Construction

CONCRETE

Lot size

13.68 lot acres

Property size

32,095 SF

Zone code

UC

Property type

Turn key restaurants

APN

088661-0010

APU

886610010

Description

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.