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CVS Pharmacy 305 Meadowbrook Rd 12,117 SF Retail Building Jackson, MS 39206 $4,592,000 ($378.97/SF) 9% Cap Rate
Investment Highlights
- CVS Health Corp: Investment Grade Credit Tenant (S&P: BBB) | Largest Pharmacy in the U.S.
- Real Estate Advantage | Hard Corner Signalized Intersection of Meadowbrook Rd & N. State St/SR-51 | Outparcel to Meadowbrook Grocery Anchored Center
- Located Along Major Retail/Commuter Corridor | Strong Retail Synergy | Just 2 Miles from Interstate 55 | Completed Improvements to N. State St/SR-51
- Over 9 Years Remaining on Lease Term | Long-Term Passive Income Stream | Absolute NNN Lease
- Proximity to Several Major Medical Centers | Near University of Mississippi Medical Center | One of the States Largest Employers
- Located in City of Jackson | Capital City of Mississippi | Most Populated City in the State | Over 1 Million People Visit Downtown Every Year
Executive Summary
Lee & Associates, listed in conjunction with Mississippi real estate broker Bang Realty-Mississippi, Inc., is pleased to exclusively offer for sale the opportunity to acquire the fee simple interest in a CVS Pharmacy investment property located in Jackson, Mississippi (the “Property”). Constructed in 2008 as a build-to-suit for CVS, the Property consists of a 12,012-square-foot retail building with drive thru lane situated on a 1.54-acre parcel.
This property offers a highly desirable Absolute-NNN lease with over 9-years remaining, providing a truly passive, long-term income stream.
This property offers a highly desirable Absolute-NNN lease with over 9-years remaining, providing a truly passive, long-term income stream.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
12,117 SF
Building Class
B
Year Built
2008
Price
$4,592,000
Price Per SF
$378.97
Cap Rate
9%
NOI
$413,258
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.54 AC
Opportunity Zone
Yes
Zoning
C-3 - General Commercial
Parking
66 Spaces (5.45 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Freeway Visibility
- Signage
- Signalized Intersection
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
CVS Pharmacy began in 1963 as Consumer Value Stores in Lowell, Massachusetts, selling health products. The company expanded into pharmacy services in 1967 and was later acquired by Melville Corporation. Through strategic acquisitions like MinuteClinic and Caremark, CVS grew its healthcare services. The 2018 merger with Aetna made CVS Health a major player in insurance. Today, the company operates pharmacies nationwide, manages pharmacy benefits, and provides health insurance through various subsidiaries.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 0430-0310-001 | Improvements Assessment | $119,199 |
| Land Assessment | $29,403 | Total Assessment | $148,602 |
Property Taxes
Parcel Number
0430-0310-001
Land Assessment
$29,403
Improvements Assessment
$119,199
Total Assessment
$148,602
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CVS Pharmacy | 305 Meadowbrook Rd
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