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2225 S Loop 256
Palestine, TX 75801

$2,391,529 USD

Restaurant For Sale  •  4,242 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 4,242 SF
  • Lot Size 1.03 AC
  • Building Class C
  • Year Built 1999
  • Cap Rate 8.50 %
  • Tenancy Single
  • Zoning CM
0 Transit Score
47 Walk Score

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.
Cap Rate: 8.50 %

Major Tenants

Tenant SF Occupied Lease End Date
Applebee's 6/12/2028

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 54
Type: Surface
Included in Rent: Yes
Blake Wagenseller 858-449-4864 Matthews Real Estate Investment Services
Blake Wagenseller 858-449-4864 Matthews Real Estate Investment Services