11022 Highway 49 - Drug Store FOR SALE


Gulfport, MS 39503
$2,849,000 USD
469-729-6441
11022 Highway 49, Gulfport, MS for Sale
$2,849,000 USD
Drug Store - FOR SALE
1/3
null | 6.3% Cap Rate

11022 Highway 49
Gulfport, MS 39503


HIGHLIGHTS

  • 1999 Construction. 10,908+/- SF Building on 1.74+/- Acre Site
  • Strategically Located Along Highway 49 (45,809+ VPD), One of Gulfport’s Primary Commercial Corridors, Providing Excellent Visibility
  • Positioned in High-Traffic Corridor Anchored by National Retailers Including Walmart, Lowe’s, McDonald’s, Chick-fil-A, and Much More
  • Directly Adjacent to Singing River Gulfport Hospital (130 beds & 1,000+ staff), Driving Consistent Daily Traffic
  • CVS Pharmacy is One of the Largest Retail Pharmacy Chains in the U.S with over 9,028 Locations & $400B in Revenue
  • Gulfport | 2nd Largest City in Mississippi & Key Economic Engine for the Mississippi Gulf Coast | MSA Population: 416,000+

OVERVIEW

7 Years Remaining On Absolute NNN Lease with 5% Rental Increases Every 5 Years in Primary Term & Option Periods, Plus (4), 5-Year Options To Renew

FOR SALE DETAILS

PRICE

$2,849,000 USD

PRICE/SF

$261 USD /SF

CAP RATE

6.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Pharmacy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding, Storefront, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.74 AC

LAND SF

75,794 SF

ZONING

-

APN/PARCEL ID

0808M-01-008.003

ASK ABOUT THIS PROPERTY

Ben JohnsonSecure Net LeaseMore Info
469-729-6441

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Ben JohnsonSecure Net LeaseMore Info
469-729-6441

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.