101 W Loop 281 | Longview, TX 75605
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- LoopNet Team
101 W Loop 281
Longview, TX 75605
Applebee's · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- NATIONAL TENANT – Applebee’s consistently ranks among the top casual dining restaurant chains worldwide, boasting over 1,560 location.s
- ABSOLUTE NNN LEASE – Investors enjoy the security of an Absolute Triple Net (NNN) lease structure, with zero landlord responsibilities or expenses.
- EXECUTED FIRST OPTION – The tenant at the site has already exercised their first option, guaranteeing a 10% rental increase in 2028
- GREAT DEMOGRAPHICS – The intersection directly in front of the site boasts a combined vehicle per day (VPD) count of over 54,700.
- PRIME RETAIL CORRIDOR – This investment benefits from its location off Longview’s prime retail corridor, surrounded by national tenants such as Lowe’s
- STRONG OPERATOR – The lease is backed by AHR, a subsidiary of SSCP Management (80 Applebee’s Locations), a reputable firm operating 500 restaurants.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,529 SF
Building Class
B
Year Built
1980
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.10 AC
Parking
78 Spaces (14.11 Spaces per 1,000 SF Leased)
Frontage
223’ on West Loop 281
PROPERTY TAXES
| Parcel Number | 24892 | Improvements Assessment | $370,020 |
| Land Assessment | $528,760 | Total Assessment | $898,780 |
PROPERTY TAXES
Parcel Number
24892
Land Assessment
$528,760
Improvements Assessment
$370,020
Total Assessment
$898,780
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