2225 S Loop 256 - Restaurant FOR SALE
Palestine, TX 75801 |
$2,391,529 USD
858-449-4864
2225 S Loop 256
Palestine, TX 75801
HIGHLIGHTS
- Absolute NNN Lease – The property features a true absolute triple-net (NNN) lease structure with zero landlord obligations.
- Walmart Supercenter Outparcel – The property is strategically positioned in front of one of the top Walmart Supercenter in the country.
- Strategic Location Along Major Retail Corridor – Situated along TX-256 Loop, a key commercial thoroughfare in Palestine.
- Dominant Trade Area with Limited Competition – One of the few national casual dining options in the city.
- Attractive Texas Market – Located in Palestine, TX, investors benefit from the advantages of owning real estate in an income tax-free state.
- National Tenant – Applebee’s Grill + Bar, a subsidiary of DineEquity, INC. is one of the largest casual dining restaurant chains in the world.
OVERVIEW
Blake Wagenseller and Connor Olandt (In conjunction with Matthews™, a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code)
Broker of Record
Patrick Graham
License # 9005919 (TX)
Matthews
8300 Douglas Ave., Ste. 750, Dallas, TX 75225
(866) 889-0550
FOR SALE DETAILS
PRICE
$2,391,529 USD
PRICE/SF
$564 USD /SF
CAP RATE
8.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Applebee’s
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1999
SPRINKLERS
-
PARKING SPACES
54
LAND DETAILS
LAND ACRES
1.03 AC
LAND SF
44,867 SF
ZONING
CM
APN/PARCEL ID
R835082
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858-449-4864
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858-449-4864
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