Applebee's - Palestine, TX
Absolute NNN Applebee's | 8.84% CAP | Walmart Outparcel
Marketing description
Venture Commercial Real Estate is pleased to present an exceptional investment opportunity at 2225 TX-256 Loop in Palestine, Texas. This single-tenant Applebee's Grill + Bar is positioned as an outparcel to the Walmart Supercenter and sits at a signalized intersection providing gateway access to the dominant regional retail corridor. The property benefits from an Absolute NNN lease with Apple Texas Restaurants, Inc., a division of SSCP Management, a seasoned franchisee operating over 500 locations across various brands.
The location features prominent frontage along TX-256 Loop with over 23,000 vehicles per day and is surrounded by national retailers including Walmart Supercenter, ALDI, Brookshire's, Ross, Academy, Ulta, and numerous QSR concepts. With 4.7 years remaining on the primary lease term and four five-year renewal options featuring 10% rent increases every five years, this asset offers investors a stabilized cash flow opportunity backed by strong operator fundamentals and superior market positioning.
Investment highlights
- Outparcel to Walmart Supercenter, providing strong daily needs traffic and is situated at a signalized intersection with a gateway position into the shopping center
- Located within the dominant regional retail corridor for this trade area that includes Walmart Supercenter, ALDI, Brookshire's, Ross, Academy, Ulta, Chick-fil-A, McDonald's, Whataburger, Starbucks, Chili's, etc.
- Prominent position along TX-256 Loop which carries over 23,000 VPD
- Operated by SSCP Management a seasoned franchisee with over 500 locations across various brands
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