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29107663
29107664

2225 TX-256 Loop, Palestine, TX 75801

BW
CA 02146707
Matthews
CO
CA 01985082
Matthews
Listed by Matthews
$2,391,529
148 days on market
Updated 64 days ago

Applebee’s - Palestine, TX

Details
Property Type Retail
Sub Type Bar, QSR/Fast Food (+1)
Square Footage 4,242
Cap Rate 8.5%
NOI $203,280
Occupancy 100%
Tenancy Single
Brand/Tenant Walmart, IHOP (+1)
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 02/28/2031
Remaining Term 4.7
Rent Bumps Yes
Lease Options Four, 5-Year Options
Price per SqFt $564
Acreage 1.030
Investment Type Stabilized
Ownership Fee Simple

Retail | 8.50% CAP | 4,242 SqFt

Marketing description

Patrick Graham

Broker of Record

License No. 528005, 9005919 (TX)

Matthews Real Estate Investment Services, Inc

Investment highlights


  • Absolute NNN Lease – The property features a true absolute triple-net (NNN) lease structure with zero landlord obligations—providing investors with 100% passive income and long-term stability.

  • Walmart Supercenter Outparcel – The property is strategically positioned in front of one of the top Walmart Supercenter in the country. The Walmart ranks in top 92nd percentile in terms of visits, according to Placer.ai.

  • Strategic Location Along Major Retail Corridor – Situated along TX-256 Loop, a key commercial thoroughfare in Palestine, the property benefits from excellent visibility, high daily traffic counts of over ±25,000 vehicles per day, and proximity to major retailers such as Walmart Supercenter, Lowe’s, H-E-B, and Hobby Lobby.

  • Dominant Trade Area with Limited Competition – As one of the few national casual dining options in the city, Applebee’s serves a broad regional customer base, drawing consistent traffic and positioning itself as a go-to dining destination.

  • Attractive Texas Market – Located in Palestine, TX, investors benefit from the advantages of owning real estate in an income tax-free state, for those who qualify.

  • National Tenant – Applebee’s Grill + Bar, a subsidiary of DineEquity, INC. is one of the largest casual dining restaurant chains in the world with over 1,660 locations.

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)

Listing Contacts

BW
CA 02146707
Matthews
CO
CA 01985082
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$203,280.00
$16,940.00/mo

Valuation Metrics

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DSCR
8.5%
Cap Rate
8.5%
ROI

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Additional Information

Name
Patrick Graham
License
528005, 9005919 (TX)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
2699 Howell St., Suite 400, Dallas, TX 75204
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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