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INVESTMENT HIGHLIGHTS
Puget Sound Trophy NNN Asset: Generational asset in the heart of Renton. The only Topgolf location in Washington.
International Corporate Guarantee: Fully guaranteed lease by Topgolf International, Inc. This is one only a few locations in the system with an international corporate lease guarantee.
High-Profile Publicly Traded Tenant: Publicly traded company (NYSE: MODG) with B+ credit rating (S&P). Acquired by Callaway in 2020.
No Income Tax State: Washington State has no state income tax.
Cost Segregation / Depreciation Opportunity: Conservative estimates well north of $10M of deference in the first 5 years.
Pride of Ownership: Renton is the newest, largest format Topgolf in the system and one of the region's largest corporate venues available.
Dynamic, High-Barrier-to-Entry Location: Renton is one of the fastest-growing areas in the region with thousands of residential units in the pipeline.
