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2225 S. Loop 256, Palestine, TX, 75801

Applebee’s
$2,391,529

Key Information

Cap Rate
8.5%
Term Remaining
±5.2 YRS
Type
Retail
NOI
$203,280
Leasable Area
4,242

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)

Photos

Location

Agents

Broker of Record

Patrick Graham

License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave., Ste. 750, Dallas, TX 75225