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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
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
$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 began in 1901 on Chicago's South Side, when pharmacist Charles R. Walgreen Sr. opened a neighborhood drugstore that grew into a national chain. Walgreens later combined with Alliance Boots to form Walgreens Boots Alliance, bringing together retail pharmacy, pharmaceutical wholesaling, and healthcare services under one business. Walgreens Boots Alliance operates an integrated healthcare, pharmacy, and retail model spanning U.S. and international operations, with businesses centered on prescription filling, consumer health products, beauty items, and related services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0430-0020-002 | Improvements Assessment | $42,576 |
| Land Assessment | $11,762 | Total Assessment | $54,338 |
Property Taxes
Parcel Number
0430-0020-002
Land Assessment
$11,762
Improvements Assessment
$42,576
Total Assessment
$54,338
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