601 S Jefferson Ave - Drug Store FOR SALE


Mount Pleasant, TX 75455
$3,912,416 USD
818-730-1195
601 S Jefferson Ave, Mount Pleasant, TX for Sale
$3,912,416 USD
Drug Store - FOR SALE
1/9
null | 6% Cap Rate

601 S Jefferson Ave
Mount Pleasant, TX 75455


HIGHLIGHTS

  • Long Operating History at this Site | Over 25 Years
  • Hard Corner at 4-Way Signalized Intersection | Strong Combined Average Traffic Counts of 38,600+ VPD (Ferguson Rd & Jefferson Ave)
  • Excellent Visibility & Access | Multiple Points of Ingress/Egress | Large 1.27 Acre Lot with Double Drive Thru | Ample Parking - Over 55 Spaces
  • Surrounded by Major National Tenants: Walmart, Home Depot, Harbor Freight, Tractor Supply, ALDI, McDonald’s, Starbucks, Whataburger, KFC, and more
  • Absolute NNN Lease | Zero Landlord Responsibilities
  • 5% Rental Increases Built into Each of the Four, 5-Year Option Periods

OVERVIEW

Marcus & Millichap is pleased to offer for sale, the fee simple interest in a CVS in Mount Pleasant, TX. This single-story 10,908 SF free standing CVS was built in 1999 on a 1.27 AC lot with 55+ parking spaces. The property is located at 601 South Jefferson Avenue in Mount Pleasant, Texas, a city in Titus County, approximately 100 miles Northeast of Dallas. The property is surrounded by major national tenants including Walmart, Home Depot, Harbor Freight, Tractor Supply, ALDI, McDonald’s, Starbucks, Whataburger, Taco Bell, KFC, AutoZone, O’Reilly Auto Parts, Take 5 Oil Change, and many more. The property benefits from its hard corner location at the 4-way signalized intersection of S Jefferson Rd (US 271) & E Ferguson Rd (Hwy 49) which sees a combined average over 38,600 VPD.

FOR SALE DETAILS

PRICE

$3,912,416 USD

PRICE/SF

$359 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.27 AC

LAND SF

55,321 SF

ZONING

-

APN/PARCEL ID

101271

ASK ABOUT THIS PROPERTY

Michael FidelerJTU Net Lease GroupMore Info
818-730-1195

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Michael FidelerJTU Net Lease GroupMore Info
818-730-1195

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