Top Gun Bar and Grill on Thun Field (PLU)
16807 103rd Ave Ct E, Graham, WA 98372
Marketing 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.
Investment highlights
- 2026 South Hill Restaurant Award Winner
- Located at Thun Field - Pierce County Airport
- Over $4.49M in revenue in 2025
- Nearly $3.9M in food, beverage, and merchandise sales
- Pull-tab operation produced over $3.27M in gross receipts
- Strong 2025 financials: $2.86M in gross profit, $424,260 in NOI, $441,880 in net income
- 35.36% implied cap rate
- Approximately 2.72x net income multiple
- Potential investment recovery in under three years
- Lease control through 2029 with extension options reaching 2054
- One-of-a-kind location with aviation-themed destination appeal
- Stunning Mount Rainier views
- Turnkey business positioned for continued growth
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