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Dairy Queen 401 W 1st Ave 2,748 SF Retail Building Toppenish, WA 98948 $1,953,966 ($711.05/SF) 6% Cap Rate
Investment Highlights
- Long-term Lease (16 years remaining)
- Recent upgrades
- NNN Lease
Executive Summary
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.
Property Facts
Amenities
- Corner Lot
- Drive Thru
- Monument Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- 2,748 SF
- $42.66
- Triple Net
- Dec 2041
Dairy Queen is a quick-service restaurant brand specializing in soft-serve frozen desserts and a complementary hot-food menu. The company was founded in 1940, following the development of a soft-serve ice cream formula by John Fremont McCullough and Alex McCullough, with the first store opening in Joliet, Illinois. Over time, the brand expanded through a franchise-based model and introduced signature menu items such as the Blizzard treat, which became a defining product category for the system. In 1962, the organization was formally structured as International Dairy Queen, which oversees brand development, franchising, and system support. In 1998, International Dairy Queen was acquired by Berkshire Hathaway, and the company has since operated as a privately held subsidiary of the conglomerate. The brand has continued to evolve through menu diversification, international market entry, and store design updates.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 2,748 SF | $42.66 | Triple Net | Dec 2041 |
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,618,300 | |
| Land Assessment | $250,250 | Total Assessment | $1,868,550 |
Property Taxes
Presented by
Dairy Queen | 401 W 1st Ave
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