Drive-Through Restaurant
For Sale
$1,900,000
6849 S Broadway Ave, Tyler, TX 75703
COMMERCIAL - Tyler, TX
Property Size4,385 SF
Lot Size0.90 Acres
Price / SF$433.30
Days on Market752
Property Features for 6849 S Broadway Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Off Street
Security features
Security Lighting
Lot features
Inside City Limits, Major Arteries
Directions
From the intersection of Loop 323 and S Broadway Ave., head South on S Broadway Ave. In approximately 2 miles, property will be on the right, just in front of the Wal-Mart.
Standard status
Active
Size
4,385 SF
Lot size
0.90 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
BLOCK 1434 LOT 18-D
Legal Description
BLOCK 1434 LOT 18-D
Utilities
Water source
Public
Building Details
Year built
1999
Number of units
1
Building materials
Stone
Listing Agency:
Drake Real Estate & Investments
(903) 581-3737
Listed By:
Brent Bradberry · License #0715170
(903) 571-8014
Added: Jul 15, 2024
Changed: Aug 4
Last Checked: Aug 5 at 11:06PM
MLS# 24009737
Copyright © 2026 Greater Tyler Association of Realtors. 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.
This 4,385-square-foot drive-through restaurant property occupies 0.898 acres and was built in 1999. The second-generation quick-service restaurant includes a double drive-through lane, a bailout lane, 45 parking spots, stone construction, off-street parking, and public water service. The building was formerly operated as a Whataburger location.
The property is positioned on S. Broadway Avenue in Tyler, Texas, within a Walmart outparcel and along a retail corridor with a reported 2024 traffic count of 42,704. Target and Walmart Supercenter serve as nearby retail anchors, and the site is approximately 1.5 miles south of The Village at Cumberland Park, a 90-acre regional center featuring dining, retail, hotels, and lifestyle stores.
The property is positioned on S. Broadway Avenue in Tyler, Texas, within a Walmart outparcel and along a retail corridor with a reported 2024 traffic count of 42,704. Target and Walmart Supercenter serve as nearby retail anchors, and the site is approximately 1.5 miles south of The Village at Cumberland Park, a 90-acre regional center featuring dining, retail, hotels, and lifestyle stores.
Key Highlights
- 4,385‑square‑foot restaurant building on 0.898 acres
- Double drive‑through lane with a bailout lane
- 45 parking spots and off‑street parking
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
42,704 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
570
Businesses Nearby
531k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 52%
Dining 25%
Shops & Services 15%
Leisure 4%
Walmart
Superstores
146,641 visits/mo
0.2 miles
Target
Superstores
127,858 visits/mo
0.2 miles
Murphy USA
Shops & Services
28,114 visits/mo
0.1 miles
Chili's Grill & Bar
Dining
23,771 visits/mo
0.5 miles
AMC CLASSIC Tyler 14
Leisure
23,758 visits/mo
0.5 miles
Demographics for 75703, TX
44,428
Population
20,045
Households
2.2
Avg Household Size
39
Median Age
43%
College-Educated
96%
High-School Grad
55.1 sq mi
ZIP Area
806
Density / Sq Mi
$76,347
Median Household Income
$45,301
Median Earnings
$1,262
Median Rent
$310,500
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 - Second-generation quick-service restaurant with dual drive-through lanes, a bailout lane, and off-street parking.
Where is this drive through restaurant located?
The property is located at 6849 S Broadway Ave 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: 4,385‑square‑foot restaurant building on 0.898 acres; Double drive‑through lane with a bailout lane; 45 parking spots and off‑street parking
