1609 N Jefferson Ave, Mount Pleasant, TX 75455

This commercial property in Mt Pleasant, Texas, is an absolute NNN Chick-fil-A investment property. The property includes a drive-thru. The tenant, Chick-fil-A, Inc., recently signed a new 15-year lease with 13 (5-year) options to extend. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period. The lease is absolute NNN with zero landlord responsibilities. Chick-fil-A serves freshly prepared food in more than 2,700 restaurants in 47 states, Washington, D.C., and Canada. The property is located at the signalized, hard-corner intersection of N Jefferson Ave and U.S. Highway 67, which averages a combined 27,000 vehicles passing by daily. The asset is less than 2 miles north of Jefferson Park, a 130,000 square foot shopping center with major tenants including Super 1 Foods, Harbor Freight Tools, Anytime Fitness, and more. In addition, the property is located just south of Interstate 30, a major east/west traveling thoroughfare averaging 41,000 VPD. The property is in the center of a primary retail corridor with other nearby national/credit tenants including Lowe’s Home Improvement, Family Dollar, Dollar General, Mcdonald’s, and more. The 5-mile local trade area is supported by a population of over 19,900 with an average household income of $71,966. The building size is 4,947 square feet.