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Walgreens | 11+Yrs Remain Corp Abs NNN 310 Meadowbrook Rd

14,550 SF Retail Building Jackson, MS 39206 $8,227,211 CAD ($565 CAD/SF) 7% Cap Rate

Retail Buildings Mississippi Jackson 310 Meadowbrook Rd, Jackson, MS 39206

Investment Highlights

  • Over 11 Years Remaining | Corporate Signed Lease | Well Known & Established Tenant
  • Signalized, Hard Corner Intersection | Excellent Visibility & Access | Drive-Thru Equipped
  • Strong Demographics In 5-Mile Trade Area
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Highland Village (2.4M+ Visitors) | Dense Retail Corridor

Executive Summary

SRS Real Estate, LLC and SRS Real Estate Partners, LLC are pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, corporate signed, Walgreens investment property located in Jackson, Mississippi. The tenant, Walgreens Co (NASDAQ: WBA), has over 11 years remaining on their current lease with 10 (5-year) options to extend, demonstrating their commitment to the site. The lease is signed by the corporate entity and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. Founded in 1901, Walgreens is among America’s largest pharmacies and health & beauty companies with nearly 9,000 stores in operation.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,550 SF
Building Class
B
Year Built
2015
Price
$8,227,211 CAD
Price Per SF
$565 CAD
Cap Rate
7%
NOI
$575,919 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Land Acres
1.68 AC
Zoning
General Commercial Distri
Parking
3.92 Spaces per 1,000 SF Leased

Amenities

  • Corner Lot
  • Signage
  • Signalized Intersection
  • Drive Thru

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

Walgreens is a trusted and convenient local health destination that millions of Americans rely on every day. Their founder, Charles R. Walgreen Sr., was known for finding new ways to connect with customers on a personal level and treating each person like a guest in his own home. For over a century, they have expanded that personal connection through their network of neighborhood pharmacies and their innovative health services and products. The foundation for all of this is their trusted pharmacy expertise, and their team members who provide essential care that helps people achieve better health outcomes at an affordable cost.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer 99,999 SF - Lorem Ipsum Jan 0000

Links

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PROPERTY TAXES

Parcel Number 0002-1000-000 Improvements Assessment $213,258 CAD
Land Assessment $39,976 CAD Total Assessment $253,234 CAD

PROPERTY TAXES

Parcel Number
0002-1000-000
Land Assessment
$39,976 CAD
Improvements Assessment
$213,258 CAD
Total Assessment
$253,234 CAD
(949) 270-8206

  • Listing ID: 31142203

  • Date on Market: 2024-03-06

  • Last Updated:

  • Address: 310 Meadowbrook Rd, Jackson, MS 39206

The Retail Property at 310 Meadowbrook Rd, Jackson, MS 39206 is currently available For Sale. Contact SRS National Net Lease for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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Walgreens | 11+Yrs Remain Corp Abs NNN | 310 Meadowbrook Rd
(949) 270-8206 x

Walgreens | 11+Yrs Remain Corp Abs NNN | 310 Meadowbrook Rd

1/2

Parker Walter

(949) 270-8206

(949) 270-8206

Martin Smith

(205) 259-2195

(205) 259-2195

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