Drive-Through Restaurant
For Sale
Contact for pricing
909 East Pecan Boulevard, McAllen, TX 78501
Freestanding corner restaurant with an existing drive-thru and strong frontage for quick-service or retail conversion.
Property Size2,721 SF
Lot Size0.62 Acres
Price / SF$514.52
Days on Market95
Property Features for 909 East Pecan Boulevard
General Information
Standard status
Active
Size
2,721 SF
Class
A
Total Parking Spaces
28
Lot size
0.62 Acres
Property subtype
Retail
Zoning
C-3
Site & Location
Traffic Count
20,000 vehicles/day
Road Access
Yes
Building Details
Year Built
1994
Buildings
1
Stories
1
Units
1
Listing Agency:
The Clower Company
(956) 546-0485
Listed By:
George B. Clower · License #TX 0425088
Source:
Crexi
Added: May 28
Changed: Aug 21
Last Checked: Aug 29 at 2:03AM
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 The Clower Company
Investment Insights
Based on property information with market context.
This former restaurant property is a freestanding building of approximately 2,721 square feet situated on about 0.617 acres. The site includes an existing drive-thru and provides ample paving for customer access and on-site circulation, supporting restaurant or quick-service formats as well as retail conversion.
The property is located on a hard corner in an established McAllen area, providing visibility along Pecan Boulevard and nearby 10th Street. The listing materials reference traffic counts shown in the flyer exceeding 20,000 vehicles per day on surrounding corridors, reinforcing the site’s exposure for passing traffic.
Zoned C-3 General Business District, the asset offers flexibility for owner-users, investors, or redevelopment buyers looking for a second-generation restaurant site with drive-thru infrastructure already in place. With its recognizable restaurant improvements, corner positioning, and prepared site layout, it can support operators seeking an established commercial presence rather than ground-up development.
The property is located on a hard corner in an established McAllen area, providing visibility along Pecan Boulevard and nearby 10th Street. The listing materials reference traffic counts shown in the flyer exceeding 20,000 vehicles per day on surrounding corridors, reinforcing the site’s exposure for passing traffic.
Zoned C-3 General Business District, the asset offers flexibility for owner-users, investors, or redevelopment buyers looking for a second-generation restaurant site with drive-thru infrastructure already in place. With its recognizable restaurant improvements, corner positioning, and prepared site layout, it can support operators seeking an established commercial presence rather than ground-up development.
Key Highlights
- Freestanding restaurant on a hard corner at 909 Pecan Blvd., McAllen, TX
- 2,721 SF building on 0.617 acres (26,877 SF) built in 1994
- Existing drive‑thru for restaurant, quick‑service, or retail conversion
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
$41,612
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
2.97%
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%
$832,240
$832.2K
Cap Rate 7%
$594,457
$594.5K
Cap Rate 9%
$462,356
$462.4K
Market Conditions
NOI Build-Up for 2,721 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
$58.8K $21.60/SF
− Vacancy
−$3.3K −$1.21/SF
EGI
$55.5K $20.39/SF
− OpEx
−$13.9K −$5.10/SF
NOI
$41.6K $15.29/SF
Area
McAllen, TX
Vacancy
5.60%
Lease Rate
$21.60 /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%
$832,240
Cap Rate 7%
$594,457
Cap Rate 9%
$462,356
Alternative Uses
Best Use
Specialty Retail
$594.5K
$520.2K – $693.5K
NOI $41,612 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$738.9K
$646.5K – $862.0K
NOI $51,721 @ 7.0% cap · market cap 3.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,591
Businesses Nearby
Explore this area
Business Placement
Demographics for 78501, TX
60,817
Population
24,807
Households
2.5
Avg Household Size
37
Median Age
27%
College-Educated
77%
High-School Grad
15.5 sq mi
ZIP Area
3,924
Density / Sq Mi
$49,451
Median Household Income
$29,092
Median Earnings
$943
Median Rent
$149,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Freestanding corner restaurant with an existing drive-thru and strong frontage for quick-service or retail conversion.
Where is this drive through restaurant located?
The property is located at 909 East Pecan Boulevard McAllen, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Freestanding restaurant on a hard corner at 909 Pecan Blvd., McAllen, TX; 2,721 SF building on 0.617 acres (26,877 SF) built in 1994; Existing drive‑thru for restaurant, quick‑service, or retail conversion
