Drive-Through Restaurant
For Sale
Contact for pricing
11701 E NORTHWEST HWY, Dallas, TX 75238
Former Wendy’s restaurant with direct ingress and egress from Northwest Highway.
Property Size3,179 SF
Price / SF$566.22
Days on Market128
Property Features for 11701 E NORTHWEST HWY
General Information
Standard status
Active
Size
3,179 SF
Property subtype
RETAIL
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Asking Price
$1,800,000
Listing Agency:
Falcon Companies
(972) 404-8383
Listed By:
Walker Hairston · License #572602
(214) 224-0859
Source:
Moodyscre
Added: Jun 12
Changed: Oct 8
Last Checked: Oct 16 at 9:29AM
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
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Investment Insights
Based on property information with market context.
The 3,179-square-foot property is a former Wendy’s drive-through restaurant at 11701 E Northwest Hwy in Dallas. Its layout is suited to a quick-service restaurant operation, with vehicle access connected to Northwest Highway.
The site is positioned along Northwest Highway in East Dallas and benefits from nearby national restaurant operators, including Whataburger, Chick-fil-A, Golden Chick, and Sonic. Sam’s Club serves as a shadow anchor, adding an established retail destination to the surrounding commercial setting.
The site is positioned along Northwest Highway in East Dallas and benefits from nearby national restaurant operators, including Whataburger, Chick-fil-A, Golden Chick, and Sonic. Sam’s Club serves as a shadow anchor, adding an established retail destination to the surrounding commercial setting.
Key Highlights
- 3,179‑square‑foot former Wendy’s drive‑through restaurant
- Direct ingress and egress from Northwest Highway
- Located at 11701 E Northwest Hwy, Dallas, TX 75238
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,748
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,094,960
$1.1M
Cap Rate 7%
$782,114
$782.1K
Cap Rate 9%
$608,311
$608.3K
Market Conditions
NOI Build-Up for 3,179 SF
Gross rent
$76.7K $24.12/SF
− Vacancy
−$3.7K −$1.16/SF
EGI
$73.0K $22.96/SF
− OpEx
−$18.2K −$5.74/SF
NOI
$54.7K $17.22/SF
Area
Dallas, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,094,960
Cap Rate 7%
$782,114
Cap Rate 9%
$608,311
Alternative Uses
Best Use
Specialty Retail
$782.1K
$684.4K – $912.5K
NOI $54,748 @ 7.0% cap · market cap 3.04%
Second Best
—
—
no second resolved use
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
627
Businesses Nearby
322k
Monthly Visits Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Former Wendy’s restaurant with direct ingress and egress from Northwest Highway.
Where is this drive through 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: 3,179‑square‑foot former Wendy’s drive‑through restaurant; Direct ingress and egress from Northwest Highway; Located at 11701 E Northwest Hwy, Dallas, TX 75238
