2210 S Loop 256
Palestine, TX 75801
Chili's · Retail Property For Sale

The subject property is a 4,500 square foot building situated on a .81 Acre lot. The property is currently under construction and set to commence rent on May 1st, 2017. Chili' s has signed a 10 year NNN Ground lease that features favorable 10% rental increases every five years and four five year options. Situated on a thriving retail corridor, the subject property offers investors the opportunity to acquire a long term corporate guarantee restaurant in an underserved market. Palestine Texas serves as the county seat of Anderson County and is located equidistant from the major airport cities of Dallas, Houston and Shreveport. Notable for its natural beauty, Palestine is characterized by a magnificent dogwood floral blooming season, for 23 historical sites on the National Register of Historic Places and is the western terminus of the Texas State Railroad, a steam and diesel railroad museum operating between Palestine and Rusk. The largest employer is the Texas Department of Criminal Justice, which employs more than 3,900. Another 1,600 work at two Wal-Mart distribution centers. Other significant employers include a thriving medical and healthcare sector that tends to the large population of retirees.