Drive-Through Restaurant with
For Sale
$425,000
404 N Teel Dr, Devine, TX 78016
Established restaurant operation with included equipment and drive-through service.
Property Size2,000 SF
Price / SF$212.50
Days on Market73
Property Features for 404 N Teel Dr
General Information
Standard status
Active
Size
2,000 SF
Additional Details
Business Included
Yes
Drive-Thru
Yes
Equipment Included
Yes
Building Details
Year Built
1987
Listing Agency:
TX SOLD, LLC
Listed By:
Kristy Parker · License #644973
(830) 433-0101
Source:
Sarahildebrandaguilera
Added: Aug 4
Changed: Oct 13
Last Checked: Oct 7 at 4:21PM
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 TX SOLD, LLC
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Investment Insights
Based on property information with market context.
EJ's Drive Thru is an established drive-through restaurant operation at 404 Teel Dr in Devine, Texas. The property was built in 1987 and includes a 12-door cooler, drive-through service, and restaurant equipment included in the sale. Ice storage bins are rented and excluded from the equipment package.
The business has operated under the same family ownership for more than 27 years and has remained open throughout that period. Inventory may be purchased separately, with details available upon inquiry.
The business has operated under the same family ownership for more than 27 years and has remained open throughout that period. Inventory may be purchased separately, with details available upon inquiry.
Key Highlights
- Established operation with more than 27 years under the same family ownership
- Drive‑through restaurant at 404 Teel Dr, Devine, TX 78016
- 12‑door cooler included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,685
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$573,700
$573.7K
Cap Rate 7%
$409,786
$409.8K
Cap Rate 9%
$318,722
$318.7K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$39.8K $19.92/SF
− Vacancy
−$1.6K −$0.80/SF
EGI
$38.2K $19.12/SF
− OpEx
−$9.6K −$4.78/SF
NOI
$28.7K $14.34/SF
Area
Medina County, TX
Vacancy
4.00%
Lease Rate
$19.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$573,700
Cap Rate 7%
$409,786
Cap Rate 9%
$318,722
Alternative Uses
Best Use
Specialty Retail
$409.8K
$358.6K – $478.1K
NOI $28,685 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$510.2K
$446.4K – $595.2K
NOI $35,712 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
336
Businesses Nearby
20k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 58%
Shops & Services 42%
Las Palmas Mexican Restaurant
Dining
5,344 visits/mo
0.1 miles
Shell
Shops & Services
4,759 visits/mo
0.3 miles
Church's Chicken
Dining
4,699 visits/mo
0.3 miles
American Momentum Bank
Shops & Services
1,694 visits/mo
0.4 miles
Felipe's
Dining
1,318 visits/mo
0.4 miles
Demographics for 78016, TX
10,530
Population
4,281
Households
2.5
Avg Household Size
40
Median Age
21%
College-Educated
87%
High-School Grad
158.3 sq mi
ZIP Area
67
Density / Sq Mi
$57,609
Median Household Income
$36,769
Median Earnings
$739
Median Rent
$173,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Established restaurant operation with included equipment and drive-through service.
Where is this drive through restaurant located?
The property is located at 404 N Teel Dr Devine, TX.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Established operation with more than 27 years under the same family ownership; Drive‑through restaurant at 404 Teel Dr, Devine, TX 78016; 12‑door cooler included
