Description
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 traffic. The absolute NNN lease - with zero landlord responsibilities - commenced in December 2021 and delivers approximately $117,237 in annual rent, with a 6% cap rate and has 16 years remaining on the initial term. Built-in 7.5% rent escalation 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.
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0BEDS
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0.55ACRES
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0BATHS
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01/2 BATHS
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2,748SQFT
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$711$/SQFT
School Ratings & Info
Description
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 traffic. The absolute NNN lease - with zero landlord responsibilities - commenced in December 2021 and delivers approximately $117,237 in annual rent, with a 6% cap rate and has 16 years remaining on the initial term. Built-in 7.5% rent escalation 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.
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