401 W 1st Ave - Freestanding FOR SALE


Toppenish, WA 98948
$1,953,966 USD
509-949-1389
401 W 1st Ave, Toppenish, WA for Sale
$1,953,966 USD
Freestanding - FOR SALE
1/11
null | 6% Cap Rate

401 W 1st Ave
Toppenish, WA 98948


HIGHLIGHTS

  • Long-term Lease (16 years remaining)
  • NNN Lease
  • Recent upgrades

OVERVIEW

This is an exceptional investment opportunity to acquire a fully renovated, turnkey Dairy Queen Grill & Chill in the heart of downtown Toppenish, WA. Situated on a prominent 0.55 acre corner lot with dual frontage on W 1st Avenue and Madison Avenue, the 2,748 SF freestanding building benefits from high visibility and consistent tra?c. The Absolute NNN lease- with zero landlord responsibilities *landlord pays real estate taxes but is reimbursed by tenant* - commenced in December 2021 and delivers approximately $117,237.96 in annual rent, with a 6% cap rate and has 16 years remaining on the initial term. Built-in 7.5% rent escalations every five years and four 5-year renewal options provide dependable, growing cash flow. This asset presents a rare, stable, and truly passive long-term investment.

FOR SALE DETAILS

PRICE

$1,953,966 USD

PRICE/SF

$711 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dairy Queen

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,949 SF

ZONING

58- Rtl

APN/PARCEL ID

201004-44470,201004-44471

ASK ABOUT THIS PROPERTY

Mike AbramsJohn L Scott Real EstateMore Info
509-949-1389

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Mike AbramsJohn L Scott Real EstateMore Info
509-949-1389

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.