602 S JEFFERSON AVE Mount Pleasant TX 75455-4842

Cushman & Wakefield’s Texas Retail Advisors have been exclusively retained to execute the sale of Jefferson Park Shopping Center (the “Property”), a highly-productive grocery-anchored center situated at the hard corner of the most dominant intersection in the trade area. The Property is located in Mount Pleasant, Texas which is one of the largest commercial and medical hubs in East Texas and enjoys excellent access and visibility to over 50,000 vehicles per day at the signalized intersection of Highway 49 and Highway 271. The Property consists of approximately 130,000 square feet of gross leasable area and is distinctively anchored by Super 1 Foods with a fuel station, Aaron’s, Anytime Fitness, Cato, Harbor Freight Tools, and Petsense (a subsidiary of publicly-traded Tractor Supply Company). Super 1 Foods is owned by East Texas’ leading grocery chain, the Brookshire Grocery Company, which has grown to more than 180 stores in three states and has estimated annual revenues of $2.5 billion. The company is ranked #179 on Forbes’ America’s Largest Private Companies list. Additionally, store sales for Super 1 Foods at Jefferson Park far exceed the chain average by over 44%. This strong sales performance provides solid evidence of its dominance within the trade area. With a strong anchor and essential business line-up, the Property has seen resilient occupancy and collections are currently at 99% through August.

Jefferson Park is a value-oriented, convenient, internet-resistant shopping destination with a diverse mix of national, regional and local retailers ideally suited for the surrounding community. The Property has historically provided stable and consistent income with average tenancy of 14 years and national/regional tenants generating over 90% of the income. Jefferson Park offers investors a unique opportunity to own the most dominant retail corner in the trade area with one of the leading grocers in East Texas.

SOLID ESSENTIAL RETAIL

Current collections are at 99% through August and 81% of the gross revenue is derived from essential tenants.

DOMINANT GROCER

Super 1 Foods has over 44 years of strong operating history at the Property with consistently increasing sales, which are now 44% above the chain average. Total sales have increased approximately 3.5% annually over the past 4 years and its occupancy cost has dropped to a low 1.4%.

DIVERSE, INTERNET-RESISTANT TENANT MIX
National retailers make up 59% of the income while medical, health & beauty is 27%, restaurants 8% and telecom the remaining 6%.

STABLE & CONSISTENT REVENUE
The Property has historically been well-occupied with an average tenancy of 14 years. National/regional tenants generate 91% of the gross revenues.

STRONG LEASING MOMENTUM
The Property has seen robust leasing momentum with recent renewals from Aaron's and Cato and new leases from Anytime Fitness, Mount Pleasant Family Dental and Boost Mobile (a subsidiary of Sprint Corporation).