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Applebee's Palestine 2225 S Loop 256 4,242 SF Retail Building Palestine, TX 75801 $3,232,190 CAD ($761.95 CAD/SF) 8.84% Cap Rate
Investment Highlights
- Outparcel to Walmart Supercenter, providing strong daily needs traffic and is situated at a signalized intersection with a gateway position into the
- Prominent position along TX -256 Loop which carries over 23,000 VPD
- Located within the dominant regional retail corridor for this trade area that includes Walmart Supercenter, ALDI, Brookshire’s, Ross, Academy, Ulta,
- Operated by SSCP Management a seasoned franchisee with over 500 locations across various brands
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,242 SF
Building Class
C
Year Built/Renovated
1999/2019
Price
$3,232,190 CAD
Price Per SF
$761.95 CAD
Cap Rate
8.84%
NOI
$285,669 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.03 AC
Zoning
CM - Commercial
Parking
54 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
638’ on Texas 256 Loop
Fairly walkable
40/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R835082 | Improvements Assessment | $807,055 CAD |
| Land Assessment | $346,111 CAD | Total Assessment | $1,153,167 CAD |
Property Taxes
Parcel Number
R835082
Land Assessment
$346,111 CAD
Improvements Assessment
$807,055 CAD
Total Assessment
$1,153,167 CAD
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Applebee's Palestine | 2225 S Loop 256
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