Wings Over Mt. Pleasant
Retail | 7.00% CAP | 4,700 SqFt
Marketing description
DuWest Realty Investment Services is pleased to present the opportunity to acquire Wings Over Mt. Pleasant (“the Property”). Built in 2019 & fully renovated in 2024, this 4,700 square foot retail asset is 100% leased to the rapidly growing “Wings Over” franchise. Subject to a 10% rent escalation after five years, the Property provides a potential investor with the opportunity to acquire a cash flowing asset with embedded appreciation & access to core Mt. Pleasant.
Situated along S. Jefferson Avenue (27,676 VPD), Mt. Pleasant’s main retail corridor, the Property benefits from strong visibility and a host of nationally recognized brands in its immediate vicinity. Directly across from the Property is Jefferson Park Shopping Center (1.4 million annual visits - Placer.ai), a 130,000+ SF community retail center that is home to, among others, Super 1 Foods, Harbor Freight Tools, & Aaron’s, which drive significant & consistent traffic in the area. Additionally, the Property is flanked by AT&T to the north and CVS to the south.
In addition to being the primary retail corridor, S. Jefferson Avenue serves as a connector from the south Mt. Pleasant residential areas to I-30 & Downtown Mt. Pleasant. As such, the Property boasts connectivity to interstate travelers & the cultural hub of the Mt. Pleasant community.
Overall, Wings Over Mt. Pleasant offers a potential investor a cash flowing asset in a vibrant retail corridor, with direct access to core Mt. Pleasant and Interstate 30.
Investment highlights
- New Absolute Net Lease - 9 Years Left on Term, Zero Landlord Responsibilities
- Strong Tenant Performance - Nearly $2,000,000 in Sales in the First 10 Months of Business
- Fully Renovated in 2024
- Ideal Visibility in a Primary Mt. Pleasant Retail Node
- Highest Non-Interstate Traffic Counts in Mt. Pleasant
- Connectivity to Downtown, Residential Areas, & Interstate 30
- Drive Thru
- Top 3 Alcohol Sales in Mt. Pleasant
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