915 Highway 49 S - Drug Store FOR SALE


Richland, MS 39218
$3,905,611 USD
818-907-4696
915 Highway 49 S, Richland, MS for Sale
$3,905,611 USD
Drug Store - FOR SALE
1/6
null | 9% Cap Rate

915 Highway 49 S
Richland, MS 39218


HIGHLIGHTS

  • Absolute NNN Lease | Zero Landlord Responsibilities
  • Corporate Guarantee from a Credit Rated Tenant | NYSE Standard & Poor’s BBB+
  • Heavy Traffic Counts | 50,000+ Vehicles Per Day on US Highway 49
  • Long Term Lease | 11+ Years Remaining on the Lease
  • Large 2.05 ACRE Lot with a Drive-Thru Pharmacy
  • Seller to provide Buyer a full credit of three years rent at closing to compensate for the Rent Holiday

OVERVIEW

CBRE is pleased to present a CVS for sale located at 915 Hwy 49. The 11,895 Square Foot Building on 2.05 Acres with a Drive Thru Pharmacy benefits from being strategically located on Highway 49, which sees over 50,000 cars per day.The property is close to several retailers and large residential communities with over 11,847 people residing in a 3-Mile Radius. The property is perfect for a principal looking for a passive investment with a long term, Absolute NNN Lease with a Corporate Guarantee from a Credit Tenant.

FOR SALE DETAILS

PRICE

$3,905,611 USD

PRICE/SF

$328 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

52

LAND DETAILS

LAND ACRES

2.05 AC

LAND SF

89,298 SF

ZONING

-

APN/PARCEL ID

D06P-000014-00010

ASK ABOUT THIS PROPERTY

818-907-4696

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818-907-4696

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