2306 S Jefferson Ave - Retail FOR SALE


Mount Pleasant, TX 75455
$8,509,932 USD
214-987-9808
2306 S Jefferson Ave, Mount Pleasant, TX for Sale
$8,509,932 USD
Retail - FOR SALE
1/7
null | 7% Cap Rate

2306 S Jefferson Ave
Mount Pleasant, TX 75455


HIGHLIGHTS

  • ALDI Anchored Shopping Center in Mount Pleasant, TX
  • Low Price PSF – Only $131/SF
  • High Sales Performing Tenants
  • Located Right Across the Street from a Top Performing Walmart Supercenter which Drives a Core Amount of Traffic to the Center
  • Brand New HTeaO Built on an Out Parcel
  • Low Rent/SF – Average Rent is $9.56/SF

OVERVIEW

Airport Plaza is a 100% occupied grocery (ALDI) anchored shopping center located across from the Walmart Supercenter in Mount Pleasant, TX. All of the leases are NNN and the property contains a healthy layout of historically strong tenants. 6 of the 10 tenants have been at the property for over 10 years. 3 of the those tenants have been at the property for over 20 years which shows commitment to the property and the strength of the local retail market. The tenants that report sales reflect extremely high store sales. Situated on 4.36 acres of land, the property was constructed in 1984. At only $131/SF to purchase and low rental average of $9.56/SF, this property is a rare opportunity to acquire a grocery anchored shopping center with an extremely wide consumer reach. This property is located in the only major retail trade corridor in 56 miles which makes consumers heavily reliant on this shopping center. In a 56 mile radius, there is a population of over 650,000. It is located on Jefferson Ave, a high traffic area of East TX with over 25,000 vehicles per day. It’s also located not far from I-30 which has over 28,000 vehicles per day.

FOR SALE DETAILS

PRICE

$8,509,932 USD

PRICE/SF

$105 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.36 AC

LAND SF

189,922 SF

ZONING

-

APN/PARCEL ID

250086

ASK ABOUT THIS PROPERTY

Will MerrittMerritt Capital PartnersMore Info
214-987-9808

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Will MerrittMerritt Capital PartnersMore Info
214-987-9808

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