Listing provided courtesy of Keller Williams Greater 360NWMLSas Distributed by MLSGrid- MLS# NWM2528741
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Request Info16807 103rd Avenue Ct EGraham, WA 98374
Commercial$1,200,000
Active
16807 103rd Avenue Ct E Overview
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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.
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16807 103rd Avenue Ct E Facts & Features
- Type Commercial
Details
General
Association/HOA
- Association Fee: $0.00
Income/Expenses
- Annual Expenses: 2439751
- Annual Gross Sales: 4490769
- Annual Rent: 117956
Business Information
- Business Type: Food And Beverage
Location/Region
- Country: US
- County Or Parish: Pierce
- MLS Area Major: 122 - Graham
- Subdivision Name: Graham
Rent/Lease Information
- Lease Assignable: Yes
General Information
- Listing Terms: Cash
- Parcel Number: 8888870210
- Property Sub Type: Business Opportunity
- Property Type: Business Opportunity
- Senior Community: No
- Special Listing Conditions: None
Interior
Beds/Baths
- Bedrooms Upper: 0
Building Interior
- Building Area Total: 0
- Building Area Units: Square Feet
- Calculated Square Footage: 0
- Square Footage Finished: 0
- Square Footage Unfinished: 0
General Information
- Cooling: No
- Fireplace: No
- Fireplaces Total: 0
- Heating: No
- Living Area: 0
- Main Level Bathrooms: 0
Exterior
Parking Information
- Open Parking: No
- Parking Total: 52
- Parking Uncovered Total: 52
Lot Information
- Irrigation Water Rights: No
- Lot Size Acres: 0
- Lot Size Square Feet: 0
- Lot Size Units: Square Feet
- Elevation Units: Feet
General Information
- Carport: No
- Covered Spaces: 0
16807 103rd Avenue Ct E Neighborhood
Community
98374 (Puyallup) Demographics
36
Median Age
2,767
Population Density (per sq. mile)
39%
College Educated
$88,882
Estimated Median Income
10,292
Estimated Total Home Owners
4,659
Estimated Total Renters
69% / 31%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.16807 103rd Avenue Ct E Monthly Cost
16807 103rd Avenue Ct E Market Data
Based on the last 30 days in this zip code
$623,696
Average List Price
$278
Average Price per Square Foot
63
Properties Sold
68
Average Days on Market
344
Properties for Sale
16807 103rd Avenue Ct E History
| Date | Value | Agent |
|---|---|---|
| 6/10/2026Source: NWMLS | June 10, 2026 |