401 W 1st Ave, Toppenish, WA 98948
Courtesy of John L Scott Yakima
- $1,300,000
- 2,748
- SqFt
- List Price
- $1,300,000
- Status
- PENDING
- Days on Market
- 59
- MLS#
- 26-1454
- Subtype
- Comm/Industrial
- Year Built
- 1976
- Living Area
- 2,748
- Acres
- 0.55
- Neighborhood
- 13K - Toppenish
- MLS Area Major
- 13K - Toppenish
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
- Taxes
- $13,359
- Flooring
- Tile, Vinyl
- Heating
- Natural Gas
- Air Conditioning
- Central Air
- Foundation
- Slab