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Walgreens | 11+Yrs Remain Corp Abs NNN 310 Meadowbrook Rd 14,550 SF Retail Building Jackson, MS 39206 $5,857,000 ($402.54/SF) 7% Cap Rate

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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
$5,857,000
Price Per SF
$402.54
Cap Rate
7%
NOI
$410,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.68 AC
Zoning
General Commercial Distri - General Commercial District

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 U.S.-based retail pharmacy chain that provides prescription dispensing, health services, and a broad range of retail products. The company was founded in 1901 by Charles R. Walgreen in Chicago, Illinois. Over time, Walgreens expanded from a single neighborhood pharmacy into a national retail and healthcare platform operating under a direct-to-consumer model. Walgreens became part of a global retail pharmacy organization following the 2014 transaction that formed Walgreens Boots Alliance. The company continues to operate its U.S. pharmacy and retail business under the Walgreens brand and maintains its corporate headquarters in Deerfield, Illinois. Walgreens operates as a subsidiary within a larger corporate structure and is publicly traded through its parent company.

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

Nearby Major Retailers

Piggly Wiggly
Krystal
Rent-A-Center
BankPlus

Property Taxes

Property Taxes

Parcel Number
0430-0020-002
Land Assessment
$11,762
Improvements Assessment
$42,576
Total Assessment
$54,338
  • Listing ID: 31142203

  • Date on Market: 3/6/2024

  • Last Updated:

  • Address: 310 Meadowbrook Rd, Jackson, MS 39206

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