Drive-Through Restaurant
For Sale
Contact for pricing
11880 Bissonnet St, Houston, TX 77099
Freestanding QSR building with drive-through service, parking, and access from a signalized intersection.
Property Size3,209 SF
Price / SF$451.85
Days on Market23
Property Features for 11880 Bissonnet St
General Information
Standard status
Active
Size
3,209 SF
Property subtype
Retail
Investment Type
Redevelopment
Additional Details
Drive-Thru
Yes
Building Details
Year Built
1998
Listing Agency:
Summit Real Estate
Listed By:
Jackson Brewer · License #TX 772853
Source:
Crexi
Added: Aug 7
Changed: Aug 23
Last Checked: Aug 28 at 10:16PM
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 Summit Real Estate
Investment Insights
Based on property information with market context.
This 3,209-square-foot drive-through restaurant building was constructed in 1998 and is configured for quick-service restaurant operations. The existing improvements include a drive-through lane and ample parking, providing a functional setup for restaurant users.
The property occupies a signalized corner on Bissonnet Street in Houston and serves as an outparcel to a grocery-anchored center. Access is provided from the intersection, with surrounding residential neighborhoods, retail centers, and businesses creating a densely developed commercial setting.
The property occupies a signalized corner on Bissonnet Street in Houston and serves as an outparcel to a grocery-anchored center. Access is provided from the intersection, with surrounding residential neighborhoods, retail centers, and businesses creating a densely developed commercial setting.
Key Highlights
- 3,209‑square‑foot restaurant building constructed in 1998
- Existing drive‑through lane supports QSR operations
- Signalized corner location on Bissonnet Street
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$49,387
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$987,740
$987.7K
Cap Rate 7%
$705,529
$705.5K
Cap Rate 9%
$548,744
$548.7K
Market Conditions
NOI Build-Up for 3,209 SF
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.
Gross rent
$69.3K $21.60/SF
− Vacancy
−$3.5K −$1.08/SF
EGI
$65.8K $20.52/SF
− OpEx
−$16.5K −$5.13/SF
NOI
$49.4K $15.39/SF
Area
Houston, TX
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$987,740
Cap Rate 7%
$705,529
Cap Rate 9%
$548,744
Alternative Uses
Best Use
Specialty Retail
$705.5K
$617.3K – $823.1K
NOI $49,387 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$825.2K
$722.0K – $962.7K
NOI $57,762 @ 7.0% cap · market cap 3.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
848
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Electronics 39%
Shops & Services 8%
Golden Chick
Dining
2,315 visits/mo
0.5 miles
Metro by T-Mobile
Electronics
1,721 visits/mo
0.2 miles
Jackson Hewitt Tax Service
Shops & Services
328 visits/mo
0.2 miles
Demographics for 77099, TX
49,849
Population
17,860
Households
2.8
Avg Household Size
34
Median Age
20%
College-Educated
71%
High-School Grad
6.1 sq mi
ZIP Area
8,172
Density / Sq Mi
$48,735
Median Household Income
$29,587
Median Earnings
$1,218
Median Rent
$176,800
Median Home Value
Market
Vacancy Rate% for Retail in Houston, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Freestanding QSR building with drive-through service, parking, and access from a signalized intersection.
Where is this drive through restaurant located?
The property is located at 11880 Bissonnet St Houston, TX.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 3,209‑square‑foot restaurant building constructed in 1998; Existing drive‑through lane supports QSR operations; Signalized corner location on Bissonnet Street
