Restaurant Building with
For Sale
Contact for pricing
6318 Broadway Blvd, Garland, TX 75043
Former restaurant with drive-thru, great location, investment opportunity.
Property Size2,970 SF
Price / SF$370.37
Days on Market2350
Property Features for 6318 Broadway Blvd
General Information
Standard status
Active
Size
2,970 SF
Class
D
Total Parking Spaces
27
Property subtype
Retail
Zoning
Community Retail District
Building Details
Year Built
1979
Buildings
1
Stories
1
Units
1
Listing Agency:
Epps Realty, LLC
(972) 289-7788
Listed By:
Belinda Epps · License #TX 0363894
Source:
Crexi
Added: Mar 26, 2020
Changed: Aug 25
Last Checked: Aug 28 at 10:05PM
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
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 = 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
$51,148
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
4.65%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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 - Former restaurant with drive-thru, great location, investment opportunity.
Where is this drive through restaurant located?
The property is located at 6318 Broadway Blvd 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.
