1609 Jefferson Ave, Mount Pleasant, TX 75455
- Retail properties & Spaces
- 4,947 SF
- 2.09 lot acres
Current Use by Public Records
- Retail properties & Spaces
Property Details for 1609 Jefferson Ave
- Year built
- 2023
- Lot size
- 2.09 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
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.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mount Pleasant
- County
- Titus
- State
- Texas
- Longitude
- -94.9706
- Latitude
- 33.1722
