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Applebee's 341 Tanger Dr 4,800 SF Retail Building Terrell, TX 75160 $2,359,105 CAD ($491.48 CAD/SF)
INVESTMENT HIGHLIGHTS
- Dense, Regional Retail Corridor | Tanger Outlet Mall Outparcel | Strong National/Credit Tenant Presence
- Direct Residential Consumer Base | Strong Demographics
- Interstate 20 (70,100 VPD) | Excellent Visibility | Significant Street Frontage
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to lease a freestanding, former Applebee’s investment property located in Terrell, Texas (Dallas / Fort Worth MSA).
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.
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.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Building Size
4,800 SF
Building Class
B
Year Built
1994
Price
$2,359,105 CAD
Price Per SF
$491.48 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.09 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Parking
75 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
161’ on Tanger Dr
AMENITIES
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 1st Floor
- 4,800 SF
- Restaurant
- Outparcel
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 4,800 SF | Restaurant | Outparcel | Now |
1st Floor
| Size |
| 4,800 SF |
| Space Use |
| Restaurant |
| Position |
| Outparcel |
| Available |
| Now |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 39640 | Improvements Assessment | $1,061,498 CAD |
| Land Assessment | $489,623 CAD | Total Assessment | $1,551,121 CAD |
PROPERTY TAXES
Parcel Number
39640
Land Assessment
$489,623 CAD
Improvements Assessment
$1,061,498 CAD
Total Assessment
$1,551,121 CAD
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Applebee's | 341 Tanger Dr
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