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401 W 1st Ave
Toppenish, WA 98948
Retail Property For Sale
Investment Highlights
- Recently renovated, freestanding building with high visibility on a corner lot at W 1st Avenue and Madison Avenue
- Long-term lease commitment with a national brand
- Demographics within 1 mile: 9,342 population, average household income over $72,000
- Absolute Triple Net Lease ensuring truly passive investment
- Located in downtown Toppenish with strong traffic exposure
Executive Summary
Exceptional opportunity to acquire a fully renovated, turnkey Dairy Queen Grill & Chill in
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 offers excellent
visibility and strong tra?c exposure.
Priced at $1,300,000, the property is secured by an Absolute NNN lease with zero
landlord responsibilities and 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.
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 offers excellent
visibility and strong tra?c exposure.
Priced at $1,300,000, the property is secured by an Absolute NNN lease with zero
landlord responsibilities and 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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,748 SF
Building Class
C
Year Built/Renovated
1977/2023
Price
$1,807,351 CAD
Price Per SF
$657.70 CAD
Cap Rate
7%
NOI
$126,515 CAD
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
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,250,986 CAD | |
| Land Assessment | $347,915 CAD | Total Assessment | $2,598,901 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$347,915 CAD
Improvements Assessment
$2,250,986 CAD
Total Assessment
$2,598,901 CAD
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