Log In/Sign Up
2225 S Loop 256
Palestine, TX 75801
Applebee’s · Retail Property For Sale
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.
Property Facts
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,242 SF
Building Class
C
Year Built/Renovated
1999/2019
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.03 AC
Zoning
CM - Commercial
Parking
54 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
638’ on Texas 256 Loop
Property Taxes
| Parcel Number | R835082 | Improvements Assessment | $574,294 |
| Land Assessment | $246,290 | Total Assessment | $820,584 |
Property Taxes
Parcel Number
R835082
Land Assessment
$246,290
Improvements Assessment
$574,294
Total Assessment
$820,584
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
