Drive-Through QSR Restaurant
6849 S Broadway Avenue Tyler, TX 75703
6849 S Broadway Avenue, Tyler, TX, 75703
$1,900,000
For Sale
$1,900,000
SINGLE_FAMILY - Tyler, TX
Property Size4,385 SF
Lot Size0.90 Acres
Price / SF$433.30
Days on Market19
Property Features for 6849 S Broadway Avenue
General Information
- Property type
- Residential
- Property subtype
- Retail
- Parking features
- Off Street, Parking Lot
- Standard status
- Active
- APN
- R143054
- Size
- 4,385 SF
- Lot size
- 0.90 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2006
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- StoneVeneer
- Roof type
- Metal
Listing Agency
Drake Real Estate
(903) 581-3737
Tyler, TX
Listed by
Matthew Marshall · License #0544812
(903) 581-3737
Added: Jun 30 Checked: Jul 18 at 5:06 am
MLS# 20675333
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
A second-generation QSR restaurant opportunity offered for sale, this former Whataburger building is ready for immediate use. The site includes 45 parking spaces and is built to support high-efficiency service with a double drive-thru lane plus a separate bailout lane. The property is available now and totals approximately 4,385 square feet.
Positioned along S. Broadway Avenue, the property sits within a Wal-Mart outparcel on Tyler’s busiest retail corridor, with reported traffic counts of 42,704 (2024). The shopping center is anchored by Target and Walmart Supercenter, and Target recently completed a multi-million dollar remodel. The surrounding area reflects strong momentum, with the Tyler MSA population listed at 245,000, and the asset is approximately 1.5 miles north of The Village at Cumberland Park, a 90-acre outdoor regional mega-center featuring dining, retail, hotels, and lifestyle stores.
Designed for operators who need drive-through functionality and prominent retail exposure, this building can support a range of quick-service concepts that benefit from large, well-defined parking and straightforward guest circulation. With its outparcel placement and turnkey drive-thru configuration, it is a practical fit for QSR and similar retail food operators considering a retail real estate move in a high-growth trade area. The property is also available for lease.
Positioned along S. Broadway Avenue, the property sits within a Wal-Mart outparcel on Tyler’s busiest retail corridor, with reported traffic counts of 42,704 (2024). The shopping center is anchored by Target and Walmart Supercenter, and Target recently completed a multi-million dollar remodel. The surrounding area reflects strong momentum, with the Tyler MSA population listed at 245,000, and the asset is approximately 1.5 miles north of The Village at Cumberland Park, a 90-acre outdoor regional mega-center featuring dining, retail, hotels, and lifestyle stores.
Designed for operators who need drive-through functionality and prominent retail exposure, this building can support a range of quick-service concepts that benefit from large, well-defined parking and straightforward guest circulation. With its outparcel placement and turnkey drive-thru configuration, it is a practical fit for QSR and similar retail food operators considering a retail real estate move in a high-growth trade area. The property is also available for lease.
Key Highlights
- Former Whataburger building: 2nd generation QSR restaurant for sale in South Tyler (available now).
- Located on S. Broadway Avenue, Tyler’s busiest retail corridor (Wal‑Mart outparcel).
- Traffic count of 42,704 (2024) along the frontage.
Local 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 | $76.8k | $17.52 |
| − Vacancy | −$3.8k | −$0.88 |
| EGI | $73.0k | $16.64 |
| − OpEx | −$18.2k | −$4.16 |
| NOI | $54.7k | $12.48 |
4,385 SF · lease $17.52/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$782.0K
$684.2K – $912.3K
NOI $54,738 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$978.7K
$856.4K – $1.14M
NOI $68,510 @ 7.0% cap · market cap 3.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Whataburger
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Drive through restaurant - Former Whataburger building with double drive-thru, bailout lane, and strong visibility on a Walmart outparcel.
Where is this drive through restaurant located?
The property is located at 6849 S Broadway Avenue Tyler, TX.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Former Whataburger building: 2nd generation QSR restaurant for sale in South Tyler (available now).; Located on S. Broadway Avenue, Tyler’s busiest retail corridor (Wal‑Mart outparcel).; Traffic count of 42,704 (2024) along the frontage.
