401 W 1st Ave, Toppenish, WA 98948
401 W 1st Ave, Toppenish, WA 98948
401 W 1st Ave, Toppenish, WA 98948
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Listed by Mike Abrams John L Scott Yakima
$1,300,000
Est. payment /mo
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2,748 SqFt
Active

401 W 1st Ave Toppenish, WA 98948

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Liz Delgado

Liz Delgado

+1(509) 823-7039

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial Property

Listing Status Active

Purchase Type For Sale

Square Footage 2,748 sqft

Price per Sqft $473

MLS Listing ID 26-1454

Year Built 1976

Annual Tax Amount $13,359

Tax Year 2026

Property Sub-Type Commercial Property

Land Area 2748

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.

Location

State WA

Area 13K - Toppenish

Zoning B2 - Local Business

Direction From I-82 eastbound, take exit 50 for WA-22 toward Toppenish/Buena. At the end of the ramp, turn left onto WA-22 (Fort Road) heading east toward Toppenish. Continue about 0.5 miles, staying straight on Fort Road into Toppenish. Turn right onto W 1st Avenue. Drive about 0.2 miles-401 W 1st Ave will be on your right.

Rooms

Basement Finished

Interior

Heating Natural Gas

Cooling Central Air

Heat Source Gas

Exterior

Roof Type Built-Up

Building

Foundation Slab

Sewer Connected

Water Public

Structure Type Brick,Frame

Others

Tax ID 201004-44470

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

Nearby Locations

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Liz Delgado

Liz Delgado

Managing Broker, Realtor | License ID: 24010066

+1(509) 823-7039

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401 W 1st Ave