2215 Tx-256 Loop Palestine, TX 75801
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.