805 US-278 - Retail FOR SALE


Amory, MS 38821
$3,150,000 USD
980-498-3293
805 US-278, Amory, MS for Sale
$3,150,000 USD
Retail - FOR SALE
1/4
null | 6.5% Cap Rate

805 US-278
Amory, MS 38821


HIGHLIGHTS

  • ATTRACTIVE RENTAL INCREASES
  • ESSENTIAL RETAIL TENANT
  • STRATEGIC CORNER LOCATION ALONG HIGHWAY 278
  • FREESTANDING BUILDING WITH AMPLE SITE AREA
  • CORPORATE GUARANTY

OVERVIEW

Walgreens in Amory, Mississippi, represents a stable, long-term investment opportunity backed by a corporate guaranty from one of the nation’s leading pharmacy and healthcare retailers. The property features a 13,650 SF freestanding building on a 1.31-acre parcel, strategically positioned along Highway 278, the area’s primary retail corridor with traffic counts exceeding 17,000 vehicles per day. The lease offers investors consistent income growth through 5% rent increases every five years, during the base term and option periods. Walgreens continues to demonstrate resilience and strong store performance across its portfolio of over 9,000 U.S. locations. This asset benefits from its prominent corner positioning, convenient site layout with ample parking within a high-traffic trade area. With 13.3 years of term remaining and a corporate-backed lease, the property offers a secure income stream and dependable cash flow for passive investors seeking a durable, credit-anchored asset in a proven retail location.

FOR SALE DETAILS

PRICE

$3,150,000 USD

PRICE/SF

$231 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens | Amory, MS | Corp. Abs NNN Lease

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Drug Store, Storefront

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

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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