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Former Restaurant Building For Sale

6849 S Broadway Avenue Tyler, TX 75703

6849 S Broadway Avenue, Tyler, TX, 75703

$1,900,000

For Sale

$1,900,000

Second generation QSR restaurant in South Tyler available for sale.

Property Size4,385 SF

Price / SF$433.30

AddedApr 22

Days on Market86

Last RefreshJul 15 at 7:25 pm

Property Features for 6849 S Broadway Avenue

General Information

Standard status: Active
Size: 4,385 SF
Property subtype: Commercial

Building Details

Year Built: 2006

Listing office Drake Real Estate

Listing date Apr 22, 2026

Source Signaturere

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 Drake Real Estate

Investment Insights

Based on property information with market context.

This is a second-generation QSR restaurant, formerly a Whataburger building, available for sale in South Tyler. The property is a Wal-Mart outparcel, offering visibility along S. Broadway Avenue, a busy retail corridor. The location is anchored by Target and Walmart Supercenter. Target recently completed a multi-million dollar remodel to this unit. The property features 45 parking spots, a double drive-thru lane, and a bailout lane. The traffic count is 42,704 (2024). Located in a high-growth area, the Tyler MSA population is 245,000. It is approximately 1.5 miles north of The Village at Cumberland Park, a 90-acre outdoor regional mega-center with dining, retail, hotels, and lifestyle stores. The building size is 4,385 square feet. The property is also available for lease.

Key Highlights

Prime location as a Wal‑Mart outparcel on S. Broadway Avenue, Tyler's busiest retail corridor.
Former Whataburger building, a 2nd Generation QSR Restaurant ready for immediate occupancy.
High traffic count of 42,704 (2024) ensuring high visibility.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

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 (±1% cap)

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

Suggested Use

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For sale
Drive through restaurants
TX
Tyler
75703
6849 S Broadway Avenue

What type of property is this?

Drive through restaurant - Second generation QSR restaurant in South Tyler available for sale.

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: Prime location as a Wal‑Mart outparcel on S. Broadway Avenue, Tyler's busiest retail corridor.; Former Whataburger building, a 2nd Generation QSR Restaurant ready for immediate occupancy.; High traffic count of 42,704 (2024) ensuring high visibility.