Former Wendy's
For Sale
Contact for pricing
11701 E NORTHWEST HWY, Dallas, TX 75238
Restaurant asset along a major thoroughfare with strong retail co-tenancy and convenient ingress/egress near Sam’s Club.
Property Size3,179 SF
Price / SF$566.22
Days on Market55
Property Features for 11701 E NORTHWEST HWY
General Information
Standard status
Active
Size
3,179 SF
Property subtype
RETAIL
Additional Details
Highway Access
Yes
Listing Agency:
Falcon Companies
(214) 224-0859
Listed By:
Walker Hairston
(214) 224-0859
Source:
Moodyscre
Added: Jun 12
Changed: Jul 10
Last Checked: Jul 21 at 5:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Falcon Companies
Investment Insights
Based on property information with market context.
This for-sale restaurant property is the former Wendy’s, a single-site storefront building totaling 3,179 square feet. The asset is positioned for QSR and restaurant-style use, supported by its existing retail format and visibility from a major east Dallas thoroughfare.
The property is located at 11701 E Northwest Hwy, Dallas, TX 75238. It offers convenient ingress/egress off Northwest Highway, and it is shadow-anchored by Sam’s Club, a top-third performer for traffic per Placer AI. The surrounding corridor also features a strong national QSR mix along Northwest Highway.
The tenancy mix includes Whataburger, Chick-fil-A, Golden Chick, and Sonic, creating a restaurant-forward environment for potential operators and buyers seeking co-tenancy. Given the site’s drive-by exposure and access directly off Northwest Highway, it can be a practical fit for a restaurant concept looking to serve customers drawn to the nearby national QSR and warehouse retail draw. This is an opportunity to acquire a former QSR storefront building in a high-activity retail corridor.
The property is located at 11701 E Northwest Hwy, Dallas, TX 75238. It offers convenient ingress/egress off Northwest Highway, and it is shadow-anchored by Sam’s Club, a top-third performer for traffic per Placer AI. The surrounding corridor also features a strong national QSR mix along Northwest Highway.
The tenancy mix includes Whataburger, Chick-fil-A, Golden Chick, and Sonic, creating a restaurant-forward environment for potential operators and buyers seeking co-tenancy. Given the site’s drive-by exposure and access directly off Northwest Highway, it can be a practical fit for a restaurant concept looking to serve customers drawn to the nearby national QSR and warehouse retail draw. This is an opportunity to acquire a former QSR storefront building in a high-activity retail corridor.
Key Highlights
- Former Wendy’s restaurant asset along a major thoroughfare in East Dallas
- Convenient ingress/egress off Northwest Highway
- Shadow‑anchored by Sam’s Club
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.7k | $24.12 |
| − Vacancy | −$3.7k | −$1.16 |
| EGI | $73.0k | $22.96 |
| − OpEx | −$18.2k | −$5.74 |
| NOI | $54.7k | $17.22 |
3,179 SF · lease $24.12/SF/yr · vacancy 4.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$782.1K
$684.4K – $912.5K
NOI $54,748 @ 7.0% cap · market cap 3.04%
Second Best
Retail
$730.7K
$639.4K – $852.5K
NOI $51,152 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$3.81M
$3.34M – $4.45M
NOI $267,018 @ 7.0% cap · market cap 14.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
627
Businesses Nearby
322k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 31%
Shops & Services 29%
Dining 28%
Home Improvements & Furnishings 8%
Sam's Club
Superstores
100,191 visits/mo
0.2 miles
QuikTrip
Shops & Services
42,698 visits/mo
0.4 miles
Chick-fil-A
Dining
32,960 visits/mo
0.1 miles
Lowe's
Home Improvements & Furnishings
26,248 visits/mo
0.4 miles
Sam's Club Gas Station
Shops & Services
18,836 visits/mo
0.2 miles
Demographics for 75238, TX
32,801
Population
14,332
Households
2.3
Avg Household Size
35
Median Age
52%
College-Educated
91%
High-School Grad
6.6 sq mi
ZIP Area
4,970
Density / Sq Mi
$75,498
Median Household Income
$47,556
Median Earnings
$1,269
Median Rent
$526,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant asset along a major thoroughfare with strong retail co-tenancy and convenient ingress/egress near Sam’s Club.
Where is this conventional restaurant located?
The property is located at 11701 E NORTHWEST HWY Dallas, TX.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Former Wendy’s restaurant asset along a major thoroughfare in East Dallas; Convenient ingress/egress off Northwest Highway; Shadow‑anchored by Sam’s Club
