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Applebee’s 2225 S Loop 256 4,242 SF Retail Building Palestine, TX 75801 $2,391,529 ($563.77/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease – The property features a true absolute triple-net (NNN) lease structure with zero landlord obligations.
- Strategic Location Along Major Retail Corridor – Situated along TX-256 Loop, a key commercial thoroughfare in Palestine.
- Attractive Texas Market – Located in Palestine, TX, investors benefit from the advantages of owning real estate in an income tax-free state.
- Walmart Supercenter Outparcel – The property is strategically positioned in front of one of the top Walmart Supercenter in the country.
- Dominant Trade Area with Limited Competition – One of the few national casual dining options in the city.
- National Tenant – Applebee’s Grill + Bar, a subsidiary of DineEquity, INC. is one of the largest casual dining restaurant chains in the world.
EXECUTIVE SUMMARY
Broker of Record
Patrick Graham
License # 9005919 (TX)
Matthews
8300 Douglas Ave., Ste. 750, Dallas, TX 75225
(866) 889-0550
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
- -
- $44.48
- Triple Net
- Jun 2028
There's a lot to love about Applebee's. Founded over 4 decades ago on the principles of exceptional value and family fun, they take pride in having a friendly, welcoming, neighborhood environment. They continue to set the standards for best practices in the restaurant industry. People Report has awarded them the Heart of the Workplace Award, Top Performer in Management Retention Award, Excellence in Retention Award, and Catalyst Award. Forbes named them One of America's Best Managed Companies, and Restaurant Hospitality Magazine named them Chain of the Year. They are proud of these accomplishments and believe when thousands of people embrace their responsibility to their neighborhoods, the results can be astounding.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | - | $44.48 | Triple Net | Jun 2028 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R835082 | Improvements Assessment | $587,294 |
| Land Assessment | $246,290 | Total Assessment | $833,584 |
PROPERTY TAXES
Presented by
Applebee’s | 2225 S Loop 256
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