Drive-Through Restaurant Turnkey
1901 W Morton St Denison, TX 75020
For Sale
$499,900
Turnkey drive-through restaurant with dining capacity, walk-ins, and major infrastructure updates for fast-food or full-service concepts.
Property Size2,432 SF
Price / SF$205.55
Days on Market231
Property Features for 1901 W Morton St
General Information
Standard status
Active
Size
2,432 SF
Listing Agency:
Texas Life Real Estate
(903) 818-6079
Listed By:
Megan Christensen · License #0682136
(903) 818-6079
Source:
Exprealty
Added: Dec 10, 2025
Changed: Jul 10
Last Checked: Jul 29 at 3:55PM
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 Texas Life Real Estate
Investment Insights
Based on property information with market context.
This turnkey drive-through restaurant is currently operated and includes indoor dining, a separate office, two bathrooms, and ample on-site parking. The building features a rock-clad exterior with floor-to-ceiling windows, with a drive-through window added approximately 20 years ago. On the kitchen side, the site offers a walk-in cooler and walk-in freezer, plus a commercial-grade vent hood installed approximately six years ago and a TPO roof installed approximately six years ago.
Located at a highly visible corner of W. Morton St. (FM 120) and Juanita Drive, the property is positioned along a primary commercial corridor. The remarks cite more than 14,000 vehicles traveling Morton St. daily. FM 120 is described as a connector between Denison and Pottsboro, and the property is also noted as approximately 1.4 miles east of Hwy 75 for regional access.
Ideal for an operator seeking an immediately functional restaurant footprint, the site supports either a fast-food or full-service dining concept with existing equipment and layout elements that align with drive-through service. With current seating listed at 52 guests and additional seating capacity, the configuration can accommodate a range of menu styles while leveraging on-site kitchen walk-ins and dining space.
Located at a highly visible corner of W. Morton St. (FM 120) and Juanita Drive, the property is positioned along a primary commercial corridor. The remarks cite more than 14,000 vehicles traveling Morton St. daily. FM 120 is described as a connector between Denison and Pottsboro, and the property is also noted as approximately 1.4 miles east of Hwy 75 for regional access.
Ideal for an operator seeking an immediately functional restaurant footprint, the site supports either a fast-food or full-service dining concept with existing equipment and layout elements that align with drive-through service. With current seating listed at 52 guests and additional seating capacity, the configuration can accommodate a range of menu styles while leveraging on-site kitchen walk-ins and dining space.
Key Highlights
- Highly visible corner location at W. Morton St. (FM 120) and Juanita Drive with 14,000+ vehicles traveling Morton St. daily
- Turnkey drive‑through restaurant in operation, designed for fast‑food or full‑service dining concepts
- Restaurant offers seating for 52 guests plus additional seating capacity, with a drive‑through window added ~20 years ago
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 | $60.7k | $24.96 |
| − Vacancy | −$3.0k | −$1.25 |
| EGI | $57.7k | $23.71 |
| − OpEx | −$14.4k | −$5.93 |
| NOI | $43.3k | $17.78 |
2,432 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$617.9K
$540.6K – $720.9K
NOI $43,251 @ 7.0% cap · market cap 8.65%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.25M
$1.09M – $1.46M
NOI $87,333 @ 7.0% cap · market cap 17.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Turnkey drive-through restaurant with dining capacity, walk-ins, and major infrastructure updates for fast-food or full-service concepts.
Where is this drive through restaurant located?
The property is located at 1901 W Morton St Denison, TX.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Highly visible corner location at W. Morton St. (FM 120) and Juanita Drive with 14,000+ vehicles traveling Morton St. daily; Turnkey drive‑through restaurant in operation, designed for fast‑food or full‑service dining concepts; Restaurant offers seating for 52 guests plus additional seating capacity, with a drive‑through window added ~20 years ago
