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Drug Store

CVS

601 S Jefferson Ave, Mount Pleasant, TX 75455

Listing Price: $3,912,416

Tenant Name
CVS
Years Remaining On Lease
12.6
Guarantor
Corporate Guarantee
Rentable SF
10,908
Lease Type
Absolute Net
Rent Per Square Feet
$21.52

Investment 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.

Investment 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 Surrounded by Every Major Retailer
  • 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
  • Absolute NNN Lease | Zero Landlord Responsibilities
  • Ample Parking | Over 55 Spaces
  • 5% Rental Increases Built into Each of the Four, 5-Year Option Periods

Broker of Record

  • Tim Speck

    Executive Managing Director / Chief Revenue Officer

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Listing Price: $3,912,416

Tenant Name
CVS
Years Remaining On Lease
12.6
Guarantor
Corporate Guarantee
Rentable SF
10,908
Lease Type
Absolute Net
Rent Per Square Feet
$21.52

Investment 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 Surrounded by Every Major Retailer
  • 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
  • Absolute NNN Lease | Zero Landlord Responsibilities
  • Ample Parking | Over 55 Spaces
  • 5% Rental Increases Built into Each of the Four, 5-Year Option Periods

Investment 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.

Broker of Record

  • Tim Speck

    Executive Managing Director / Chief Revenue Officer

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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