Walgreens | Corinth, MS 2026 Highway 72 E
14,560 SF Retail Building Corinth, MS 38834 $4,445,686 CAD ($305.34 CAD/SF) 7.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Early 10-year renewal - Absolute triple-net (NNN) lease with a corporate guarantee.
- Top-ranked Walgreens location by visits within a 15-mile radius (per Placer.ai).
- Positioned directly across the street from Walmart Supercenter which has 2.5 million annual visitors.
- Long operating history | Walgreens has been operating at this location since 2004 showing commitment to the site.
- Located at the signalized hard-corner intersection of Highway 72 and South Harper Road with over 33,000 VPD (vehicles per day).
EXECUTIVE SUMMARY
This high-performing Walgreens offers a strong investment opportunity with an absolute triple-net (NNN) lease and a corporate guarantee. The lease has 10 years remaining, with 10 additional 5-year renewal options. Walgreens has been a tenant since 2004, demonstrating a strong commitment to this site. It is a top-ranked location within a 15-mile radius based on visit volume, and is situated at a signalized hard-corner intersection with over 33,000 vehicles per day, offering excellent visibility. The property is surrounded by top-ranked national retailers, including Walmart Supercenter and Lowe’s Home Improvement, both ranked as the top locations within a 15-mile radius. Other notable national retailers in the area include Hobby Lobby, ALDI, and Marshalls, ensuring consistent foot traffic.
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,560 SF
Building Class
C
Year Built
2004
Price
$4,445,686 CAD
Price Per SF
$305.34 CAD
Cap Rate
7.75%
NOI
$344,638 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
2.10 AC
Opportunity Zone
Yes
Parking
85 Spaces (5.84 Spaces per 1,000 SF Leased)
Frontage
825’ on U.S. 72
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0904-18-2D-00100 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $379,098 CAD |
