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Former Sonic Drive-Thru on ±0.983 Acres. 1300 W Pioneer Dr 5,618 SF 100% Leased Retail Building Irving, TX 75061 $799,000 ($142.22/SF)
Investment Highlights
- Prime Irving Location — Excellent visibility on W Pioneer Dr, less than one mile from MacArthur Blvd with direct access to SH-183, SH-114, and I-635.
- Pro Forma Cap Rate (~6.8%) — Underwritten at $35/SF NNN rent, producing an estimated NOI of ±$58,140/year based on the asking price of $850,000.
- Recently Renovated Site — interior cleaned throughout with a brand-new roof (installed 2025), new electrical, and new HVAC system.
- Corporate Hub — Surrounded by major employers and headquarters in Irving and Las Colinas, minutes from DFW International Airport.
- NNN Lease-Ready Structure — Ideal for investors seeking minimal landlord obligations — tenants reimburse taxes, insurance, and maintenance.
- Ample Parking and Access — Approx. 45 surface spaces, dual drive lanes, and convenient ingress/egress designed for high-volume customer traffic.
Executive Summary
Purpose-built quick-service restaurant featuring canopy bays, wide circulation, and a ±1,704 SF building. Existing drive-thru infrastructure supports continued QSR operations.
Pro Forma Cap Rate (~6.8%). Underwritten at $35/SF NNN rent, producing an estimated NOI of ±$58,140/year based on the asking price of $850,000.
Pro Forma Cap Rate (~6.8%). Underwritten at $35/SF NNN rent, producing an estimated NOI of ±$58,140/year based on the asking price of $850,000.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Fast Food
Building Size
5,618 SF
Building Class
C
Year Built
2002
Price
$799,000
Price Per SF
$142.22
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
0.98 AC
Zoning
C-OU-2 - Commercial Outdoor
Parking
45 Spaces (26.41 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
- Monument Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Purpose-built quick-service restaurant featuring canopy bays, wide circulation, and a ±1,704 SF building. Existing drive-thru infrastructure supports continued QSR operations.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,704 SF | Restaurant | Outparcel | 30 Days |
1st Floor
| Size |
| 1,704 SF |
| Space Use |
| Restaurant |
| Position |
| Outparcel |
| Available |
| 30 Days |
1st Floor
| Size | 1,704 SF |
| Space Use | Restaurant |
| Position | Outparcel |
| Available | 30 Days |
Purpose-built quick-service restaurant featuring canopy bays, wide circulation, and a ±1,704 SF building. Existing drive-thru infrastructure supports continued QSR operations.
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 321875000A02R0000 | Improvements Assessment | $296,080 |
| Land Assessment | $171,280 | Total Assessment | $467,360 |
Property Taxes
Parcel Number
321875000A02R0000
Land Assessment
$171,280
Improvements Assessment
$296,080
Total Assessment
$467,360
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Former Sonic Drive-Thru on ±0.983 Acres. | 1300 W Pioneer Dr
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