Drive-Through Restaurant
For Sale
Contact for pricing
510 South Cherry Lane, White Settlement, TX 76108
Commercially zoned restaurant property with an existing drive-through.
Property Size4,180 SF
Price / SF$238.04
Days on Market162
Property Features for 510 South Cherry Lane
General Information
Standard status
Active
Size
4,180 SF
Class
C
Total Parking Spaces
47
Property subtype
Retail
Zoning
Commercial
Investment Type
Owner/User
Building Details
Year Built
1988
Buildings
1
Stories
1
Units
47
Listing Agency:
Henry S. Miller Dallas / Fort Worth
Listed By:
Paul Vernon · License #TX 376085
Source:
Crexi
Added: May 8
Changed: Oct 10
Last Checked: Oct 14 at 8:46PM
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 Henry S. Miller Dallas / Fort Worth
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Investment Insights
Based on property information with market context.
This 4,180-square-foot restaurant property includes a drive-through and is designated Commercial zoning. Built in 1988, the building is positioned at 510 South Cherry Lane in White Settlement, Texas.
Key Highlights
- 4,180 SF restaurant building
- Existing drive‑through
- Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,987
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,439,740
$1.4M
Cap Rate 7%
$1,028,386
$1.0M
Cap Rate 9%
$799,856
$799.9K
Market Conditions
NOI Build-Up for 4,180 SF
Gross rent
$100.8K $24.12/SF
− Vacancy
−$4.8K −$1.16/SF
EGI
$96.0K $22.96/SF
− OpEx
−$24.0K −$5.74/SF
NOI
$72.0K $17.22/SF
Area
ZIP 76108
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,439,740
Cap Rate 7%
$1,028,386
Cap Rate 9%
$799,856
Alternative Uses
Best Use
Specialty Retail
$1.03M
$899.8K – $1.20M
NOI $71,987 @ 7.0% cap · market cap 7.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$965.6K – $1.29M
NOI $77,246 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
390
Businesses Nearby
Explore this area
Business Placement
Demographics for 76108, TX
46,170
Population
18,031
Households
2.6
Avg Household Size
36
Median Age
28%
College-Educated
89%
High-School Grad
43.1 sq mi
ZIP Area
1,071
Density / Sq Mi
$78,471
Median Household Income
$44,235
Median Earnings
$1,418
Median Rent
$238,800
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
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Commercially zoned restaurant property with an existing drive-through.
Where is this drive through restaurant located?
The property is located at 510 South Cherry Lane White Settlement, TX.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 4,180 SF restaurant building; Existing drive‑through; Commercial zoning
