100 Edwards Ave Mount Pleasant, TX 75455-4300

Property Details for 100 Edwards Ave

Year built

1999

Lot size

0.39 lot acres

Property size

1,923 SF

Property type

Commercial real estate

APN

11387

APU

11387

Description

This exceptional investment opportunity presents the chance to acquire Randy's Burgers, a renowned restaurant and commercial property located at 100 N Edwards Ave, Mount Pleasant, TX 75455. Established in 1959, this Class A property boasts 1,923 square feet on a 0.39-acre lot, featuring 20 parking spaces. The single-story building, constructed in 1999, is zoned for commercial use and enjoys a prime location near the original Mt. Pleasant Tiger's Football Stadium. Randy's Burgers has cultivated a loyal following, attracting customers from across Texas with its famous burgers and diverse menu, including patty melts, grilled cheese, salads, and hot dogs. The property offers a significant net operating income (NOI) of $270,621, resulting in a compelling 24.60% capitalization rate. The asking price is $1,100,000, translating to $572.02 per square foot. This presents a unique opportunity to own a piece of Mount Pleasant's history and capitalize on the restaurant's established reputation and potential for expansion, including franchising or food truck ventures. The property is situated just two hours northeast of Dallas and minutes from I-30, offering convenient access to a larger market. This is a rare chance to own a thriving business in a growing Texas town.