341 Tanger Drive

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.