805 Highway 278 E - Retail FOR SALE


Amory, MS 38821
$3,150,000 USD
847-562-8500
805 Highway 278 E, Amory, MS for Sale
$3,150,000 USD
Retail - FOR SALE
1/5
null | 6.5% Cap Rate

805 Highway 278 E
Amory, MS 38821


HIGHLIGHTS

  • Successful operating history spanning multiple decades
  • Long-term lease through February 2039
  • Absolute NNN lease – no landlord responsibilities
  • 5% rental escalations every five years (next in 2029)
  • Located at a signalized intersection along US Highway 278 (14,000 VPD)
  • Proximity to North Mississippi Medical Center, the only hospital within 12 miles

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property located in Amory, Mississippi. Walgreens has been successfully operating from this location since 2009. In 2024, Walgreens executed a new long-term lease through February 2039, demonstrating commitment to the site. There are 5% rental escalations every ?ve years throughout the primary term and twelve 5-year renewal options. The lease is absolute triple net and presents no landlord responsibilities. The 13,558 square-foot building is strategically positioned at a signalized intersection along US Highway 278, Amory’s primary commercial corridor carrying 14,000 vehicles per day. The site bene?ts from its proximity to nationally recognized tenants including Food Giant, Tractor Supply Company, Walmart Supercenter, McDonald’s, AutoZone, O’Reilly Auto Parts, Sherwin-Williams, Wendy’s, Burger King, and Dollar General, and several others. A key demand driver in the area is North Mississippi Medical Center, the only hospital within a 12-mile radius, generating consistent daily traffic to the corridor. The surrounding area is further supported by average household incomes exceeding $76,000 within a ten-mile radius. Walgreens is an American pharmacy and retail chain founded in 1901 in Chicago, Illinois, starting as a single drugstore on the city’s South Side that emphasized quality prescriptions, customer service, and innovations like the malted milkshake. Over the decades, it expanded rapidly across the United States, becoming the second-largest pharmacy chain with approximately 8,100 stores nationwide as of 2026, offering prescription services, health and wellness products, photo services, and everyday essentials.

FOR SALE DETAILS

PRICE

$3,150,000 USD

PRICE/SF

$232 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,064 SF

ZONING

-

APN/PARCEL ID

359J-36-003-005.00

ASK ABOUT THIS PROPERTY

Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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

Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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