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CVS Pharmacy 11022 Highway 49 10,908 SF Retail Building Gulfport, MS 39503 $2,849,000 ($261.18/SF) 6.30% Cap Rate
Investment Highlights
- 1999 Construction. 10,908+/- SF Building on 1.74+/- Acre Site
- Positioned in High-Traffic Corridor Anchored by National Retailers Including Walmart, Lowe’s, McDonald’s, Chick-fil-A, and Much More
- CVS Pharmacy is One of the Largest Retail Pharmacy Chains in the U.S with over 9,028 Locations & $400B in Revenue
- Strategically Located Along Highway 49 (45,809+ VPD), One of Gulfport’s Primary Commercial Corridors, Providing Excellent Visibility
- Directly Adjacent to Singing River Gulfport Hospital (130 beds & 1,000+ staff), Driving Consistent Daily Traffic
- Gulfport | 2nd Largest City in Mississippi & Key Economic Engine for the Mississippi Gulf Coast | MSA Population: 416,000+
Executive Summary
7 Years Remaining On Absolute NNN Lease with 5% Rental Increases Every 5 Years in Primary Term & Option Periods, Plus (4), 5-Year Options To Renew
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,908 SF
Building Class
B
Year Built
2000
Price
$2,849,000
Price Per SF
$261.18
Cap Rate
6.30%
NOI
$179,487
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.74 AC
Frontage
452’ on U.S. 49
Amenities
- Pylon Sign
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 0808M-01-008.003 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $184,120 |
Property Taxes
Parcel Number
0808M-01-008.003
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$184,120
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CVS Pharmacy | 11022 Highway 49
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