Walgreens | 11+Yrs Remain Corp Abs NNN 310 Meadowbrook Rd 14,550 SF Retail Building Jackson, MS 39206 $8,172,390 CAD ($561.68 CAD/SF) 7% Cap Rate
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
Building Size
14,550 SF
Building Class
B
Year Built
2015
Price
$8,172,390 CAD
Price Per SF
$561.68 CAD
Cap Rate
7%
NOI
$572,081 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
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 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0430-0021-000 | Improvements Assessment | $217,948 CAD |
| Land Assessment | $40,855 CAD | Total Assessment | $258,803 CAD |
