Restaurant Building with
For Sale
$1,100,000
6318 Broadway Boulevard, Garland, TX 75043
Former restaurant with drive-thru, great location, investment opportunity.
Property Size2,970 SF
Price / SF$370.37
Days on Market205
Property Features for 6318 Broadway Boulevard
General Information
Standard status
Active
Size
2,970 SF
Building Details
Year Built
1979
Listing Agency:
Epps Realty, LLC
Listed By:
Belinda Epps · License #0363894
(972) 289-7788
Source:
Christenberrygroup
Added: Mar 26
Changed: Oct 12
Last Checked: Oct 16 at 1:40PM
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 Epps Realty, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property, formerly a restaurant, is located at a prominent location near I-30 and Broadway. The building features a drive-thru and is situated adjacent to a Dairy Queen, with other restaurants such as Sonic and Captain D's in close proximity. A Kroger and Northern Tools-anchored center is located across the street. The property, with a size of 2970 square feet, presents an investment opportunity for a fast-food establishment or potential redevelopment. The area benefits from high traffic volume and a significant number of residences. The building requires renovation. The current grease trap size is 1,100 gallons. Note that no utilities are currently active on the property. The property is suitable for drive-through restaurants, restaurants, retail properties and spaces, other retail properties, and general commercial real estate.
Key Highlights
- Prime Location: Situated directly at the intersection of I‑30 and Broadway (Beltline), offering exceptional visibility and accessibility.
- High‑Traffic Area: Benefits from substantial traffic flow and a dense residential population ensuring a large potential customer base.
- Equipped with a drive‑thru, catering to the fast‑food market and providing convenience for customers.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,148
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,022,960
$1.0M
Cap Rate 7%
$730,686
$730.7K
Cap Rate 9%
$568,311
$568.3K
Market Conditions
NOI Build-Up for 2,970 SF
Gross rent
$71.6K $24.12/SF
− Vacancy
−$3.4K −$1.16/SF
EGI
$68.2K $22.96/SF
− OpEx
−$17.0K −$5.74/SF
NOI
$51.1K $17.22/SF
Area
Garland, TX
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%
$1,022,960
Cap Rate 7%
$730,686
Cap Rate 9%
$568,311
Alternative Uses
Best Use
Specialty Retail
$730.7K
$639.4K – $852.5K
NOI $51,148 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.56M
$3.12M – $4.16M
NOI $249,463 @ 7.0% cap · market cap 22.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
560
Businesses Nearby
402k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Superstores 28%
Shops & Services 18%
Groceries 8%
Walmart
Superstores
114,402 visits/mo
0.3 miles
McDonald's
Dining
34,331 visits/mo
0.1 miles
Kroger
Groceries
34,043 visits/mo
0.1 miles
RaceTrac
Shops & Services
29,407 visits/mo
0.2 miles
Murphy USA
Shops & Services
16,456 visits/mo
0.1 miles
Demographics for 75043, TX
63,973
Population
23,439
Households
2.7
Avg Household Size
36
Median Age
25%
College-Educated
84%
High-School Grad
14.7 sq mi
ZIP Area
4,352
Density / Sq Mi
$75,454
Median Household Income
$39,062
Median Earnings
$1,467
Median Rent
$253,300
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 - Former restaurant with drive-thru, great location, investment opportunity.
Where is this drive through restaurant located?
The property is located at 6318 Broadway Boulevard Garland, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Prime Location: Situated directly at the intersection of I‑30 and Broadway (Beltline), offering exceptional visibility and accessibility.; High‑Traffic Area: Benefits from substantial traffic flow and a dense residential population ensuring a large potential customer base.; Equipped with a drive‑thru, catering to the fast‑food market and providing convenience for customers.
