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401 W 1st Ave, Toppenish, WA 98948

$1,300,000
: 2,748
SqFt

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List Price: $1,300,000
Days on Market: 93
Status: ACTIVE
MLS#: 26-1454
Living Area: 2,748
Lot Size (Acres): 0.55
Year Built: 1976

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Property Description

Exceptional investment opportunity to acquire a fully renovated, turnkey Dairy Queen Grill & Chill in the heart of downtown Toppenish. Situated on a 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 traffic. The absolute NNN lease - with zero landlord responsibilities- generates $91,200 in annual rental income, reflecting a 7.0% cap rate. The lease term runs from May 2026 through April 2046 and includes 10% rent increases every five years, providing stable, growing cash flow and a truly passive long-term investment opportunity.

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Additional Information

Area: 13K - Toppenish
Neighborhood: 13K - Toppenish
Taxes: $13,359
Flooring: Tile, Vinyl
Heating: Natural Gas
Cooling: Central Air
Water: Public
Sewer: Sewer