Log In/Sign Up
Your email has been sent.
601 S Jefferson Ave
Mount Pleasant, TX 75455
CVS · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Long Operating History at this Site | Over 25 Years
- Excellent Visibility & Access | Multiple Points of Ingress/Egress | Large 1.27 Acre Lot with Double Drive Thru | Ample Parking - Over 55 Spaces
- Absolute NNN Lease | Zero Landlord Responsibilities
- Hard Corner at 4-Way Signalized Intersection | Strong Combined Average Traffic Counts of 38,600+ VPD (Ferguson Rd & Jefferson Ave)
- Surrounded by Major National Tenants: Walmart, Home Depot, Harbor Freight, Tractor Supply, ALDI, McDonald’s, Starbucks, Whataburger, KFC, and more
- 5% Rental Increases Built into Each of the Four, 5-Year Option Periods
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,908 SF
Building Class
C
Year Built
1999
Price
$3,912,416
Price Per SF
$358.67
Cap Rate
6%
NOI
$234,745
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.27 AC
Parking
55 Spaces (5.04 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 101271 | Improvements Assessment | $587,080 |
| Land Assessment | $499,464 | Total Assessment | $1,086,544 |
PROPERTY TAXES
Parcel Number
101271
Land Assessment
$499,464
Improvements Assessment
$587,080
Total Assessment
$1,086,544
1 of 8
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
