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.
| MLS # | 2528741 |
|---|---|
| Listing Type | For Sale |
| Style | Business Opportunity |
| Sub-Type | Resale |
| Status | Pending |
| Days On Site | 104 |
| Listing Provided By | Keller Williams Greater 360 | Joey Soller |
| State | WA |
|---|---|
| County | Pierce |
| City | Graham |
| Zip Code | 98374 |
| Area | 122 Graham |
| Community Name | Graham |
| Listing VS Median (in Graham) | |
Price: $1,000,000 low | high Med: $599,950 On site: 104 low | high Med: 50 | |
| State | WA |
|---|---|
| County | Pierce |
| City | Graham |
| Zip Code | 98374 |
| Area | 122 Graham |
| Community Name | Graham |
| Listing VS Median (in Graham) | |
Price: $1,000,000 low | high Med: $599,950 On site: 104 low | high Med: 50 | |