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Former Applebee’s 2700 Parker Rd 5,283 SF Retail Building Round Rock, TX 78681 $2,895,000 ($547.98/SF)

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Investment Highlights

Prime Round Rock location in main retail corridor within the Austin, TX MSA
Adjacent to Dell Technologies' global HQ with large high-income employee base
Shadow-anchored by Lowe's and Sam's Club; near Target, Home Depot, Walmart, and more

Direct proximity to I-35 with daily traffic counts exceeding 300,000 vehicles
Freestanding ±5,283 SF turnkey restaurant on ±1.78-acre parcel with ample parking
295-room Austin Marriott North within La Frontera Village drives dining demand

Executive Summary

Broker of Record
Patrick Graham
License # 528005, 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Restaurant

Building Size

5,283 SF

Building Class

Year Built

2001

Price

$2,895,000

Price Per SF

$547.98

Tenancy

Single

Building Height

1 Story

Building FAR

0.07

Lot Size

1.78 AC

Zoning

PUD

Major Tenants

Accommodation and Food Services
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Applebee's began in 1980 as a neighborhood-style restaurant concept in Decatur, Georgia, and later evolved into Applebee's Neighborhood Grill + Bar. The company develops, franchises, and operates casual dining restaurants centered on American grill-and-bar fare, including burgers, chicken, salads, pasta, ribs, and drinks. Applebee's maintains a broad presence across North America, Latin America, and the Middle East, with a large global restaurant network and ongoing franchise growth and refranchising activity.

Accommodation and Food Services
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Schlotzsky's began in 1971 in Austin, Texas, where the business started with a single signature sandwich and a focus on fresh-made, toasted sourdough bread. The company now runs a network of franchised and company-owned restaurants across the United States. Schlotzsky's menu includes sandwiches, pizza, salads, soups, calzones, and flatbreads, and the company also offers catering for boxed lunches, trays, and event meals.