Drive-Thru Corner Restaurant
For Sale
$475,000
612 North Broadway Street, Post, TX 79356
Drive-thru capable former restaurant on a high-visibility corner with strong frontage and multiple access points.
Property Size1,792 SF
Days on Market95
Property Features for 612 North Broadway Street
General Information
Standard status
Active
Size
1,792 SF
Property subtype
Street Retail
Building Details
Building Size
1,792 SF
Year Built
1996
Listing Agency:
Coldwell Banker Commercial Capital Advisors
Listed By:
Alex Eberhardt
(806) 784-3258
Source:
Thebrokerlist
Added: Jun 4
Changed: Sep 2
Last Checked: Sep 5 at 3:37AM
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 Commercial Capital Advisors
Investment Insights
Based on property information with market context.
This former restaurant property at 612 N. Broadway St features a drive-thru capable site and an adaptable layout intended to support a range of service-oriented uses. The property includes existing restaurant infrastructure, along with multiple access points designed for convenient ingress and egress and efficient customer circulation.
Situated on a high-visibility hard corner in the heart of Post, Texas, the location provides strong frontage along N. Broadway St with high traffic exposure and prominent accessibility for local and regional users traveling through the community.
The overall configuration and existing improvements offer flexibility for restaurant, retail, office, or service users seeking a corner storefront setting with drive-thru functionality.
Situated on a high-visibility hard corner in the heart of Post, Texas, the location provides strong frontage along N. Broadway St with high traffic exposure and prominent accessibility for local and regional users traveling through the community.
The overall configuration and existing improvements offer flexibility for restaurant, retail, office, or service users seeking a corner storefront setting with drive-thru functionality.
Key Highlights
- Former restaurant building built in 1996 at 612 N. Broadway St, available for sale or lease
- High‑visibility hard corner location in Post, Texas with strong frontage along N. Broadway St
- Drive‑thru capable site with multiple access points for convenient ingress and egress
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
$20,249
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
4.26%
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%
$404,980
$405.0K
Cap Rate 7%
$289,271
$289.3K
Cap Rate 9%
$224,989
$225.0K
Market Conditions
NOI Build-Up for 1,792 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
$29.0K $16.20/SF
− Vacancy
−$2.0K −$1.13/SF
EGI
$27.0K $15.07/SF
− OpEx
−$6.7K −$3.77/SF
NOI
$20.2K $11.30/SF
Area
Garza County, TX
Vacancy
7.00%
Lease Rate
$16.20 /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%
$404,980
Cap Rate 7%
$289,271
Cap Rate 9%
$224,989
Alternative Uses
Best Use
Specialty Retail
$289.3K
$253.1K – $337.5K
NOI $20,249 @ 7.0% cap · market cap 4.26%
Second Best
Retail
$247.3K
$216.4K – $288.5K
NOI $17,311 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$451.8K
$395.3K – $527.1K
NOI $31,624 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
Explore this area
Business Placement
Demographics for 79356, TX
5,695
Population
1,892
Households
3
Avg Household Size
40
Median Age
10%
College-Educated
68%
High-School Grad
824.1 sq mi
ZIP Area
7
Density / Sq Mi
$48,466
Median Household Income
$29,821
Median Earnings
$784
Median Rent
$83,100
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 - Drive-thru capable former restaurant on a high-visibility corner with strong frontage and multiple access points.
Where is this drive through restaurant located?
The property is located at 612 North Broadway Street Post, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Former restaurant building built in 1996 at 612 N. Broadway St, available for sale or lease; High‑visibility hard corner location in Post, Texas with strong frontage along N. Broadway St; Drive‑thru capable site with multiple access points for convenient ingress and egress
