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Listed by:Keller Williams Greater 360 • Joey Soller
$ 1,200,000
Est. payment /mo
New
16807 103rd Avenue Ct E Graham, WA 98374
UPDATED:
Key Details
Property Type Commercial
Sub Type Business Opportunity
Listing Status Active
Purchase Type For Sale
Subdivision Graham
MLS Listing ID 2528741
Property Sub-Type Business Opportunity
Property Description
Top Gun Bar & Grill – Award-Winning Investment Opportunity. Own the legendary Top Gun Bar & Grill, recognized as the 2026 South Hill Restaurant Award Winner. Located at the iconic Thun Field–Pierce County Airport, this high-volume operation generated over $4.49M in revenue in 2025. Elite Financial Performance: Nearly $3.9M in food, beverage, and merchandise sales, complemented by a powerful pull-tab operation that produced over $3.27M in gross receipts and drives exceptional customer traffic. Strong 2025 financials include $2.86M in gross profit, $424,260 in NOI, and $441,880 in net income. Investor-Friendly Metrics: Offered at $1.2M, equating to a 35.36% implied cap rate and approximately 2.72x net income. Current earnings indicate the potential for investment recovery in under three years. Long-Term Stability: Lease control through 2029 with extension options reaching 2054. Strategic Advantage: A one-of-a-kind location at Thun Field creates a competitive moat that cannot be replicated. Enjoy unmatched visibility, a loyal customer base, aviation-themed destination appeal, and stunning Mount Rainier views. This turnkey business is positioned for continued growth and long-term success.
Location
State WA
County Pierce
Area 122 - Graham
Interior
Fireplace false
Others
Senior Community No
Acceptable Financing Cash
Listing Terms Cash
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