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    2215 Tx-256 Loop Palestine, TX 75801

    For Lease
    Contact for pricing

    High-Traffic QSR, Drive-Thru Potential

    Lot size:
    2,590 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This free-standing, 2,590 square foot restaurant presents a unique investment opportunity in Palestine, Texas. Located on Loop 256, a major thoroughfare, this second-generation Wendy's enjoys a prime location at the main entrance to a Walmart Supercenter. The property benefits from exceptional visibility and high traffic counts, situated amongst other established quick-service restaurants (QSRs) such as Starbucks, Panda Express, McDonald's, and Chick-fil-A. The building offers a drive-thru opportunity, a significant advantage in the fast-food sector. With ample parking (36 spaces), the property is well-suited for continued operation as a restaurant or potential redevelopment. The property is located in Anderson County and offers a single-tenant occupancy. This is an excellent opportunity to acquire a well-positioned restaurant property in a thriving retail corridor. The existing building provides a solid foundation for a successful QSR operation, or a blank canvas for a new concept. The high volume of traffic on Loop 256 ensures significant exposure and potential for strong returns. The proximity to a Walmart Supercenter further enhances the property's desirability and potential customer base. This is a rare opportunity to acquire a strategically located commercial property in a growing market.

    Property Features for 2215 Tx-256 Loop

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,590 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    2,590 SF

    HighLights

    • Free‑standing, single‑tenant Wendy's restaurant totaling 2,590 square feet.
    • Features a drive‑thru.
    • Located on Loop 256 in Palestine, TX, a high‑traffic area.
    • Situated at the main entrance to a Walmart Supercenter.
    • Strong QSR co‑tenancy including Starbucks, Panda Express, McDonald's, and Chick‑fil‑A.
    • Offers 36 parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Palestine
    County
    Anderson
    State
    Texas
    Longitude
    -95.6157429
    Latitude
    31.734673

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    FAQs

    What type of property is this?
    Restaurant - High-Traffic QSR, Drive-Thru Potential
    Where is this restaurant located?
    The property is located at 2215 Tx-256 Loop Palestine, TX.
    What are key features of this property?
    This property features: Free-standing, single-tenant Wendy's restaurant totaling 2,590 square feet.; Features a drive-thru.; Located on Loop 256 in Palestine, TX, a high-traffic area.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2215 Tx-256 Loop Palestine, TX 75801
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