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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
Dairy Queen began in 1940 when John Fremont McCullough created a new soft-serve formula in Illinois. The first store's immediate success led to rapid franchising across America. Today, the company operates through a franchise model offering both frozen desserts and fast food items. While maintaining its signature soft-serve products, the menu expanded to include Blizzard Treats and various grilled food options. Dairy Queen has established a significant international presence through its franchise network.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 2,748 SF | $42.66 | Triple Net | Dec 2041 |
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
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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