305 Meadowbrook Rd - Drug Store FOR SALE


Jackson, MS 39206- Fondren
$4,592,000 USD
760-448-2449
305 Meadowbrook Rd, Jackson, MS for Sale
$4,592,000 USD
Drug Store - FOR SALE
1/9
null | 9% Cap Rate

305 Meadowbrook Rd
Jackson, MS 39206
Fondren


HIGHLIGHTS

  • CVS Health Corp: Investment Grade Credit Tenant (S&P: BBB) | Largest Pharmacy in the U.S.
  • Over 9 Years Remaining on Lease Term | Long-Term Passive Income Stream | Absolute NNN Lease
  • Real Estate Advantage | Hard Corner Signalized Intersection of Meadowbrook Rd & N. State St/SR-51 | Outparcel to Meadowbrook Grocery Anchored Center
  • Proximity to Several Major Medical Centers | Near University of Mississippi Medical Center | One of the States Largest Employers
  • Located Along Major Retail/Commuter Corridor | Strong Retail Synergy | Just 2 Miles from Interstate 55 | Completed Improvements to N. State St/SR-51
  • Located in City of Jackson | Capital City of Mississippi | Most Populated City in the State | Over 1 Million People Visit Downtown Every Year

OVERVIEW

Lee & Associates, listed in conjunction with Mississippi real estate broker Bang Realty-Mississippi, Inc., is pleased to exclusively offer for sale the opportunity to acquire the fee simple interest in a CVS Pharmacy investment property located in Jackson, Mississippi (the “Property”). Constructed in 2008 as a build-to-suit for CVS, the Property consists of a 12,012-square-foot retail building with drive thru lane situated on a 1.54-acre parcel. This property offers a highly desirable Absolute-NNN lease with over 9-years remaining, providing a truly passive, long-term income stream.

FOR SALE DETAILS

PRICE

$4,592,000 USD

PRICE/SF

$379 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Pharmacy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

66

LAND DETAILS

LAND ACRES

1.54 AC

LAND SF

67,082 SF

ZONING

C-3

APN/PARCEL ID

0430-0310-001

ASK ABOUT THIS PROPERTY

Ryan BennettLee & AssociatesMore Info
760-448-2449

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Ryan BennettLee & AssociatesMore Info
760-448-2449

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