1609 N Jefferson Ave Mount Pleasant, TX 75455
New 15-year NNN lease with rental increases in Mt. Pleasant.
Type:Retail
Property size:
4,947 SFPrice / SF:
$1,315/SF- Added:
- May 16, 2023
- Days on Market:
- 1075
- Last Refresh:
- Mar 17 at 1:24 pm
Property Features for 1609 N Jefferson Ave
General Information
- Standard status
- Active
- Size
- 4,947 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2023
Listing agent Patrick R. Luther, CCIM License #CA License No. 01912215
Listing office SRS Real Estate Partners Newport Beach
Listing date May 16, 2023
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Newport Beach
Overview
Drive-Thru Chick-fil-A Investment Property
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.
Location Intelligence
Current Use by Public Records
Drive through restaurants
Location Insight
- Map
- Local Demand
- City
- Mount Pleasant
- County
- Titus
- State
- Texas
- Longitude
- -94.968133
- Latitude
- 33.139091
Nearby Similar for Sale
FAQs
What type of property is this?
Drive through restaurant - New 15-year NNN lease with rental increases in Mt. Pleasant.
Where is this drive through restaurant located?
The property is located at 1609 N Jefferson Ave Mount Pleasant, TX.
What is the asking price?
The asking price for this property is $6,509,000.
What are key features of this property?
This property features: Absolute NNN lease with zero landlord responsibilities, providing a management‑free, passive investment.; Brand new 15‑year lease with Chick‑fil‑A, Inc., including 13 (5‑year) options to extend, demonstrating long‑term commitment.; Features a drive‑thru, enhancing customer convenience and sales potential.
