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Former Applebee's

Market Price

341 Tanger Drive, Terrell, TX 75160

Active
Last Updated: 08/15/2025

6.75

Cap Rate

220,816

NOI

Details:
Cap Rate:    6.75%
NOI:    $220,816
Building Size:    4,800 sqft
Lot Area:    1.09 acres
Occupancy:    100%
Year Built:    2005
Year Last Renovated:    2014
Description:

• 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
• The site is in the center of a primary retail corridor with other nearby national/credit tenants including Academy Sports + Outdoors, Hobby Lobby, Ross, Petco, Starbucks, Whataburger, and many more
• 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 subject property is equipped with a large pylon sign, creating excellent visibility along I-20
• Nearby housing communities include Meadowview Townhomes (76 units), Terrell Senior Terraces (252 units), and Terrell Crossing (200 units)
• The 5-mile trade area is supported by approximately 24,900 residents and 14,000 employees, providing a direct consumer base from which to draw
• Residents within 5 miles of the subject property boast an affluent average household income of $86,412

Map:
1 Space Available

Former Applebee's Restaurant Unknown Sub Type

Available:
Immediately
Sublease:
No
SQFT
4,800
Location
Gallery