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    1609 Jefferson Ave Mount Pleasant, TX 75455

    For Sale
    $6,871,000

    Texas QSR, High ROI, NNN Lease

    Property size:
    4,947 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional investment opportunity presents a fee-simple interest in a brand-new, 4,947 square-foot Chick-fil-A restaurant in Mount Pleasant, Texas. Built in 2023, this property boasts a 15-year absolute NNN lease with 13 five-year renewal options, featuring 10% rent increases every five years. The corporate-guaranteed lease ensures consistent income and minimizes landlord responsibilities. Located on a 2.09-acre lot at the hard-corner intersection of N Jefferson Ave and US Highway 67, this drive-thru equipped restaurant benefits from high visibility and significant traffic (27,000 vehicles daily). The property is strategically positioned near Jefferson Park, a 130,000 square-foot shopping center, and Interstate 30 (41,000 VPD), ensuring strong consumer traffic. The property includes 85 parking spaces and is zoned C-Commercial. With a 4.50% cap rate, $309,186 NOI, and a price of $6,871,000 ($1,388.92/sq ft), this asset offers a compelling return on investment. The 5-mile trade area boasts a population exceeding 19,900 with an average household income of $71,966, supporting strong sales potential. This is a rare opportunity to acquire a depreciable asset with a highly desirable tenant in a prime retail location. The property's APN is 15697 & 15696.

    Property Features for 1609 Jefferson Ave

    General Information

    Property type
    Restaurants
    Square Feet
    4,947 SF
    Lot Size
    91,040 SF

    Building Details

    Year Built
    2023

    HighLights

    • Brand new Chick‑fil‑A with a 15‑year NNN lease, including 10% rent increases every five years.
    • Fee simple ownership, absolute NNN lease, zero landlord responsibilities, and a rare depreciable asset.
    • High‑traffic location near Jefferson Park (130,000 SF) and Interstate 30 (41,000 VPD), featuring a drive‑thru.
    • Strong demographics within a 5‑mile radius, exceeding 19,900 residents with an average household income of $71,966.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mount Pleasant
    County
    Titus
    State
    Texas
    Longitude
    -94.9706208
    Latitude
    33.1722011

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    FAQs

    What type of property is this?
    Restaurant - Texas QSR, High ROI, NNN Lease
    Where is this restaurant located?
    The property is located at 1609 Jefferson Ave Mount Pleasant, TX.
    What is the asking price?
    The asking price for this property is $6,871,000.
    What are key features of this property?
    This property features: Brand new Chick-fil-A with a 15-year NNN lease, including 10% rent increases every five years.; Fee simple ownership, absolute NNN lease, zero landlord responsibilities, and a rare depreciable asset.; High-traffic location near Jefferson Park (130,000 SF) and Interstate 30 (41,000 VPD), featuring a drive-thru.
    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
    1609 Jefferson Ave Mount Pleasant, TX 75455
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