Freestanding Applebee’s NNN
For Sale
Contact for pricing
Pending
341 Tanger Dr, Terrell, TX 75160
Absolute NNN lease with approximately 12 years remaining and four five-year extension options.
Property SizeContact for details
Days on Market140
Property Features for 341 Tanger Dr
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Pylon Signage
Yes
Traffic Count
60,400 vehicles/day
Highway Access
Yes
Listing Agency:
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed By:
Matthew Mousavi · License #CA 01732226
Source:
Crexi
Added: Apr 12
Changed: Aug 29
Last Checked: Aug 29 at 5:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This freestanding Applebee’s property conveys the fee simple interest in the land and building. Apple Texas Restaurants, Inc. occupies the site under an absolute NNN lease with approximately 12 years remaining in the initial term, followed by four five-year renewal options. The tenant provides a franchisee guarantee, and the lease assigns landlord responsibilities to the tenant. Contractual rent increases are scheduled for July 2022, July 2023, and July 2028, with additional 10% increases at the start of each option period.
The restaurant is located at 341 Tanger Dr in Terrell, Texas, within the Dallas-Fort Worth MSA. Its position along Interstate 20 exposes the property to reported traffic of 60,400 VPD, while a large pylon serves the site. The property is an outparcel to Tanger Outlets Terrell, a 193,600 SF outlet center, and sits across from a Home Depot-anchored shopping center measuring 119,000 SF. Walmart Supercenter, Tractor Supply Co., Harbor Freight Tools, Big Lots, and CVS Pharmacy are also identified nearby. Residential communities in the surrounding area include 76-unit Meadowview Townhomes, 252-unit Terrell Senior Terraces, and 200-unit Terrell Crossing.
The restaurant is located at 341 Tanger Dr in Terrell, Texas, within the Dallas-Fort Worth MSA. Its position along Interstate 20 exposes the property to reported traffic of 60,400 VPD, while a large pylon serves the site. The property is an outparcel to Tanger Outlets Terrell, a 193,600 SF outlet center, and sits across from a Home Depot-anchored shopping center measuring 119,000 SF. Walmart Supercenter, Tractor Supply Co., Harbor Freight Tools, Big Lots, and CVS Pharmacy are also identified nearby. Residential communities in the surrounding area include 76-unit Meadowview Townhomes, 252-unit Terrell Senior Terraces, and 200-unit Terrell Crossing.
Key Highlights
- Absolute NNN lease with approximately 12 years remaining in the initial term
- Four 5‑year renewal options with 10% increases at each option commencement
- Franchisee guarantee from Apple Texas Restaurants, Inc.
Property Analytics
Property Profile
Current Use
Lease Details
60,400 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
349k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 31%
Shops & Services 29%
Apparel 26%
Home Improvements & Furnishings 12%
QuikTrip
Shops & Services
55,550 visits/mo
0.2 miles
The Home Depot
Home Improvements & Furnishings
39,658 visits/mo
0.4 miles
Nike Factory Store
Apparel
29,483 visits/mo
0.4 miles
McDonald's
Dining
27,823 visits/mo
0.2 miles
Circle K
Shops & Services
20,440 visits/mo
0.2 miles
Demographics for 75160, TX
26,632
Population
8,895
Households
3
Avg Household Size
38
Median Age
20%
College-Educated
82%
High-School Grad
118.2 sq mi
ZIP Area
225
Density / Sq Mi
$70,862
Median Household Income
$38,493
Median Earnings
$1,177
Median Rent
$221,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Absolute NNN lease with approximately 12 years remaining and four five-year extension options.
Where is this nnn property located?
The property is located at 341 Tanger Dr Terrell, TX.
What are key features of this property?
This property features: Absolute NNN lease with approximately 12 years remaining in the initial term; Four 5‑year renewal options with 10% increases at each option commencement; Franchisee guarantee from Apple Texas Restaurants, Inc.
