16807 103rd Avenue Ct E, Graham, WA 98374
16807 103rd Avenue Ct E, Graham, WA 98374
16807 103rd Avenue Ct E, Graham, WA 98374
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Katie Grimoldby

Katie Grimoldby

+1(253) 318-5676
Listed by:Keller Williams Greater 360 • Joey Soller
$1,000,000
Est. payment /mo
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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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Katie Grimoldby

Katie Grimoldby

+1(253) 318-5676

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