1609 Jefferson - Fast Food FOR SALE


Mount Pleasant, TX 75455
$6,509,000 USD
480-221-4221
1609 Jefferson, Mount Pleasant, TX for Sale
$6,509,000 USD
Fast Food - FOR SALE
1/9
null | 4.75% Cap Rate

1609 Jefferson
Mount Pleasant, TX 75455


HIGHLIGHTS

  • Brand New 15-Year Lease | Scheduled Rental Increases |Chick-fil-A Inc. (2,300+ Locations) | New Construction
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | Rare Depreciable Asset
  • Jefferson Park (130,000 SF) | Interstate 30 (41,000 VPD) |Drive-Thru Equipped | Primary Retail Corridor
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, drive-thru equipped, Chick-fil-A investment property located in Mt Pleasant, Texas. The tenant, Chick-fil-A, Inc., recently signed a brand new 15-year lease with 13 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. Chick-fil-A serves freshly prepared food in more than 2,700 restaurants in 47 states, Washington, D.C., and Canada.

FOR SALE DETAILS

PRICE

$6,509,000 USD

PRICE/SF

$1,316 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chick-fil-A | New 15yr Corp Abs NNN | DrThru

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.09 AC

LAND SF

91,040 SF

ZONING

C

APN/PARCEL ID

12543

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.