Standalone Drive-Through
For Sale
$1,750,000
2430 E Griffin Parkway, Mission, TX 78572
Second-generation restaurant with central air, a paved driveway, and dedicated parking.
Property Size3,585 SF
Days on Market61
Property Features for 2430 E Griffin Parkway
General Information
Standard status
Active
Size
3,585 SF
Property subtype
Commercial
Additional Details
Drive-Thru
Yes
Taxes and HOA fees
Annual Taxes
$19,916
Building Details
Building Size
3,585 SF
Year Built
2004
Listing Agency:
Coldwell Banker La Mansion
Listed By:
Alejandro Adame · License #787939
(956) 631-1322
Source:
Primeluxuryrealestate
Added: Aug 16
Changed: Oct 3
Last Checked: Oct 13 at 3:52AM
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 Coldwell Banker La Mansion
Investment Insights
Based on property information with market context.
This standalone restaurant contains 3,585 square feet and was built in 2004. The second-generation facility includes a drive-through, central air, a paved driveway, and 59 parking spaces. Its existing restaurant configuration supports continued food-service use without relying on additional property improvements stated in the available information.
Located at 2430 Griffin Parkway in Mission, Texas, the property sits along a commuter corridor between Mission and McAllen. The Griffin Parkway address provides access to the surrounding Mission area and places the restaurant within an established populated setting.
Located at 2430 Griffin Parkway in Mission, Texas, the property sits along a commuter corridor between Mission and McAllen. The Griffin Parkway address provides access to the surrounding Mission area and places the restaurant within an established populated setting.
Key Highlights
- 3,585‑square‑foot standalone restaurant with drive‑through
- 59 parking spaces
- Built in 2004
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,028
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,040,560
$1.0M
Cap Rate 7%
$743,257
$743.3K
Cap Rate 9%
$578,089
$578.1K
Market Conditions
NOI Build-Up for 3,585 SF
Gross rent
$73.6K $20.52/SF
− Vacancy
−$4.2K −$1.17/SF
EGI
$69.4K $19.35/SF
− OpEx
−$17.3K −$4.84/SF
NOI
$52.0K $14.51/SF
Area
Hidalgo County, TX
Vacancy
5.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,040,560
Cap Rate 7%
$743,257
Cap Rate 9%
$578,089
Alternative Uses
Best Use
Specialty Retail
$743.3K
$650.4K – $867.1K
NOI $52,028 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$2.70M
$2.36M – $3.15M
NOI $189,019 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
783
Businesses Nearby
Explore this area
Business Placement
Demographics for 78572, TX
78,280
Population
32,696
Households
2.4
Avg Household Size
36
Median Age
25%
College-Educated
75%
High-School Grad
53.7 sq mi
ZIP Area
1,458
Density / Sq Mi
$54,029
Median Household Income
$30,004
Median Earnings
$900
Median Rent
$121,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Second-generation restaurant with central air, a paved driveway, and dedicated parking.
Where is this drive through restaurant located?
The property is located at 2430 E Griffin Parkway Mission, TX.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 3,585‑square‑foot standalone restaurant with drive‑through; 59 parking spaces; Built in 2004
