2306 S Jefferson Ave 64,789 SF 100% Leased Retail Building Mount Pleasant, TX 75455 $11,603,973 CAD ($179.10 CAD/SF) 7% Cap Rate

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.