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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
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.
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
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
2,748 SF
Building Class
C
Year Built/Renovated
1977/2023
Price
$1,953,966
Price Per SF
$711.05
Cap Rate
6%
NOI
$117,238
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.55 AC
Zoning
58- Rtl
Parking
37 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
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
International Dairy Queen Inc., (IDQ), headquartered in Minneapolis, Minnesota, is the parent company of American Dairy Queen Corporation and Dairy Queen Canada, Inc. Through its subsidiaries, IDQ develops, licenses and services a system of many DQ restaurants in many countries. IDQ is a subsidiary of Berkshire Hathaway Inc., which is led by Warren Buffett, the legendary investor and CEO of Berkshire.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | 2,748 SF | $42.66 | Triple Net | Dec 2041 |
Walk Score®
Very Walkable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,618,300 | |
| Land Assessment | $250,250 | Total Assessment | $1,868,550 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$250,250
Improvements Assessment
$1,618,300
Total Assessment
$1,868,550
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Dairy Queen | 401 W 1st Ave
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