Walgreens 805 Highway 278 E 13,558 SF Retail Building Amory, MS 38821 $3,150,000 ($232.34/SF) 6.50% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property located in Amory, Mississippi. Walgreens has been successfully operating from this location since 2009. In 2024, Walgreens executed a new long-term lease through February 2039, demonstrating commitment to the site. There are 5% rental escalations every ?ve years throughout the primary term and twelve 5-year renewal options. The lease is absolute triple net and presents no landlord responsibilities.
The 13,558 square-foot building is strategically positioned at a signalized intersection along US Highway 278, Amory’s primary commercial corridor carrying 14,000 vehicles per day. The site bene?ts from its proximity to nationally recognized tenants including Food Giant, Tractor Supply Company, Walmart Supercenter, McDonald’s, AutoZone, O’Reilly Auto Parts, Sherwin-Williams, Wendy’s, Burger King, and Dollar General, and several others. A key demand driver in the area is North Mississippi Medical Center, the only hospital within a 12-mile radius, generating consistent daily traffic to the corridor. The surrounding area is further supported by average household incomes exceeding $76,000 within a ten-mile radius.
Walgreens is an American pharmacy and retail chain founded in 1901 in Chicago, Illinois, starting as a single drugstore on the city’s South Side that emphasized quality prescriptions, customer service, and innovations like the malted milkshake. Over the decades, it expanded rapidly across the United States, becoming the second-largest pharmacy chain with approximately 8,100 stores nationwide as of 2026, offering prescription services, health and wellness products, photo services, and everyday essentials.