Drive-Thru Restaurant Building with
For Sale
Contact for pricing
207 N Henderson Blvd, Kilgore, TX 75662
Built in 2020, this 832 SF building offers dual drive-thru windows, two restrooms, and a covered walk-up porch.
Property Size832 SF
Lot Size0.40 Acres
Price / SF$432.69
Days on Market152
Property Features for 207 N Henderson Blvd
General Information
Standard status
Active
Size
832 SF
Lot size
0.40 Acres
Property subtype
Retail
Site & Location
Traffic Count
14,273 vehicles/day
Highway Access
Yes
Amenities
covered front porch
Building Details
Year Built
2020
Buildings
1
Units
1
Listing Agency:
Julie Woods & Associates
Listed By:
Julie Woods · License #0606759-BB
(903) 987-9944
Source:
Crexi
Added: Apr 9
Changed: Aug 16
Last Checked: Sep 7 at 8:26AM
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 Julie Woods & Associates
Investment Insights
Based on property information with market context.
This built-in-2020 drive-thru restaurant building totals 832 square feet and sits on approximately 0.4 acres. The layout is designed for efficient quick-service operations, featuring two drive-thru windows, two restrooms, and a covered front porch that accommodates walk-up orders.
The property is positioned on Hwy 259 just feet from Kilgore College, supported by approximately 14,273 vehicles passing daily, creating strong visibility for a food and beverage concept.
The site previously operated as a daiquiri and coffee concept, and the existing drive-thru and walk-up configuration can support a range of quick-service uses. The lot size provides space for parking, outdoor seating, or future site enhancements, depending on the tenant’s needs.
The property is positioned on Hwy 259 just feet from Kilgore College, supported by approximately 14,273 vehicles passing daily, creating strong visibility for a food and beverage concept.
The site previously operated as a daiquiri and coffee concept, and the existing drive-thru and walk-up configuration can support a range of quick-service uses. The lot size provides space for parking, outdoor seating, or future site enhancements, depending on the tenant’s needs.
Key Highlights
- Built in 2020: 832 SF commercial building on approx. 0.4 acres on Hwy 259.
- Dual drive‑thru windows for two separate service lanes.
- Two restrooms plus a covered front porch for walk‑up orders.
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
$14,578
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
4.05%
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%
$291,560
$291.6K
Cap Rate 7%
$208,257
$208.3K
Cap Rate 9%
$161,978
$162.0K
Market Conditions
NOI Build-Up for 832 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
$20.8K $24.96/SF
− Vacancy
−$1.3K −$1.60/SF
EGI
$19.4K $23.36/SF
− OpEx
−$4.9K −$5.84/SF
NOI
$14.6K $17.52/SF
Area
Gregg County, TX
Vacancy
6.40%
Lease Rate
$24.96 /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%
$291,560
Cap Rate 7%
$208,257
Cap Rate 9%
$161,978
Alternative Uses
Best Use
Specialty Retail
$208.3K
$182.2K – $243.0K
NOI $14,578 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$626.7K
$548.3K – $731.1K
NOI $43,867 @ 7.0% cap · market cap 12.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14,273 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
662
Businesses Nearby
Explore this area
Business Placement
Demographics for 75662, TX
25,002
Population
9,474
Households
2.6
Avg Household Size
37
Median Age
18%
College-Educated
83%
High-School Grad
126.8 sq mi
ZIP Area
197
Density / Sq Mi
$65,926
Median Household Income
$37,027
Median Earnings
$1,051
Median Rent
$165,700
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?
Drive through restaurant - Built in 2020, this 832 SF building offers dual drive-thru windows, two restrooms, and a covered walk-up porch.
Where is this drive through restaurant located?
The property is located at 207 N Henderson Blvd Kilgore, TX.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Built in 2020: 832 SF commercial building on approx. 0.4 acres on Hwy 259.; Dual drive‑thru windows for two separate service lanes.; Two restrooms plus a covered front porch for walk‑up orders.
