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Applebee's 341 Tanger Dr 4,800 SF of Retail Space Available in Terrell, TX 75160
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 4,800 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
- Fully Built-Out as a Restaurant or Café Space
- Space is an outparcel at this property
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT APPLEBEE'S
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Applebee's
- Restaurant
- 1,712
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Applebee's | Restaurant | 1,712 | International |
PROPERTY FACTS
| Total Space Available | 4,800 SF | Total Land Area | 1.09 AC |
| Property Type | Retail | Year Built | 1994 |
| Property Subtype | Restaurant | Parking Ratio | 10/1,000 SF |
| Gross Leasable Area | 4,800 SF |
| Total Space Available | 4,800 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 4,800 SF |
| Total Land Area | 1.09 AC |
| Year Built | 1994 |
| Parking Ratio | 10/1,000 SF |
ABOUT THE PROPERTY
The property is strategically located along Interstate 20 (70,100 VPD), a major east/west commuter highway traveling through Terrell and serves as a gateway to major markets throughout the Southeast. The site is equipped with a large pylon sign, creating excellent visibility along Interstate 20. The asset is ideally situated as an outparcel to The Tanger Outlets Terrell, a 193,600 SF outlet center featuring a variety of brand-name stores including Nike, Old Navy, Levi’s, and more. Furthermore, the site is positioned across from a Home Depot anchored shopping center (119,000 SF), significantly increasing consumer draw to the immediate trade area and promoting crossover store exposure for the restaurant. Other nearby national/credit tenants include Walmart Supercenter, Tractor Supply Co., Harbor Freight Tools, Starbucks, QuikTrip, and more, further increasing exposure and crossover synergy for the asset. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. Moreover, the site is surrounded by several housing communities including Meadowview Townhomes (76 units), Terrell Senior Terraces (252 units), and Terrell Crossing (200 units), providing a direct residential consumer base from which to draw. The 5-mile trade area is supported by a population of over 24,900 with an average household income of $86,412.
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
NEARBY MAJOR RETAILERS
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Applebee's | 341 Tanger Dr
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