Turnkey Drive-Thru Restaurant
For Sale
Contact for pricing
2951 Ridgeway Dr, Corsicana, TX 75109
Turnkey QSR/restaurant building with drive-thru access at the I-45 and Hwy 287 intersection.
Property Size1,758 SF
Price / SF$340.73
Days on Market428
Property Features for 2951 Ridgeway Dr
General Information
Standard status
Active
Size
1,758 SF
Property subtype
RETAIL
Additional Details
Business Included
No
Listing Agency:
Robert Means
(903) 594-8880
Listed By:
Robert Means · License #0558417
(903) 594-8880
Source:
Moodyscre
Added: May 29, 2025
Changed: Jul 28
Last Checked: Jul 30 at 2:19PM
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 Robert Means
Investment Insights
Based on property information with market context.
Turnkey QSR/restaurant building with a drive-thru, offered for sale. The property is suited for an owner-operator or investor seeking a restaurant concept that can leverage a drive-thru format.
The asset is located at 2951 Ridgeway Dr, Corsicana, TX 75109, at the I-45 and Hwy 287 intersection. Public remarks indicate it sits on the main thoroughfare to the Richland Chambers lake community.
The surrounding area includes well-known operators cited in the public remarks, such as Chick-fil-A, Starbucks, Taco Bell, Sonic, Denny’s, Wendy’s, Schlotzsky’s, Whataburger, Panda Express, and regional hotel brands listed as Hampton Inn and Holiday Inn.
The asset is located at 2951 Ridgeway Dr, Corsicana, TX 75109, at the I-45 and Hwy 287 intersection. Public remarks indicate it sits on the main thoroughfare to the Richland Chambers lake community.
The surrounding area includes well-known operators cited in the public remarks, such as Chick-fil-A, Starbucks, Taco Bell, Sonic, Denny’s, Wendy’s, Schlotzsky’s, Whataburger, Panda Express, and regional hotel brands listed as Hampton Inn and Holiday Inn.
Key Highlights
- QSR/restaurant space available at the I‑45 and Hwy 287 intersection
- Turnkey QSR/restaurant building with drive‑thru access
- Located at the I‑45/Hwy 287 intersection, near the main thoroughfare to Richland‑Chambers Lake community
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 | $43.9k | $24.96 |
| − Vacancy | −$2.2k | −$1.25 |
| EGI | $41.7k | $23.71 |
| − OpEx | −$10.4k | −$5.93 |
| NOI | $31.3k | $17.78 |
1,758 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$446.6K
$390.8K – $521.1K
NOI $31,264 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$19.31M
$16.90M – $22.53M
NOI $1,351,943 @ 7.0% cap · market cap 225.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
142
Businesses Nearby
Explore this area
Business Placement
Demographics for 75109, TX
4,766
Population
2,210
Households
2.2
Avg Household Size
46
Median Age
20%
College-Educated
86%
High-School Grad
119.8 sq mi
ZIP Area
40
Density / Sq Mi
$85,009
Median Household Income
$38,571
Median Earnings
$1,233
Median Rent
$216,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Turnkey QSR/restaurant building with drive-thru access at the I-45 and Hwy 287 intersection.
Where is this drive through restaurant located?
The property is located at 2951 Ridgeway Dr Corsicana, TX.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: QSR/restaurant space available at the I‑45 and Hwy 287 intersection; Turnkey QSR/restaurant building with drive‑thru access; Located at the I‑45/Hwy 287 intersection, near the main thoroughfare to Richland‑Chambers Lake community
