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34304273
34304256

2225 TX-256 Loop, Palestine, TX 75801 For Sale

JZ
TX TX 375018
Venture Commercial
Venture Commercial
Venture Commercial
Listed by Venture Commercial
$2,300,000
7 days on market
Updated 7 days ago

Applebee's - Palestine, TX

Details
APN 835082
Property Type Retail
Sub Type Restaurant
Square Footage 4,242
Cap Rate 8.84%
NOI $203,280
Occupancy 100%
Tenancy Single
Brand/Tenant Applebee's
Lease Type Absolute NNN
Lease Expiration 02/28/2031
Remaining Term 4.6
Rent Bumps Yes
Lease Options 4 x Five-Year Options
Broker Co-Op True
Year Built 1999
Year Renovated 2019
Buildings 1
Acreage 1.030
Zoning Retail Commercial (RC)
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 12/01/2010
Ground Lease No

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

Listing Contacts

JZ
TX TX 375018
Venture Commercial
Venture Commercial
Venture Commercial
Listed by Venture Commercial

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

Valuation Metrics

0
DSCR
8.84%
Cap Rate
8.84%
ROI

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Additional Information

Name
John Zikos
License
TX 375018
Brokerage
Venture Commercial Real Estate, LLC
Brokerage Phone
2143781212
Title
Principal
Brokerage Address
8235 Douglas Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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