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Walgreens | Amory, MS | Corp. Abs NNN Lease 805 US-278 13,650 SF Retail Building Amory, MS 38821 $3,150,000 ($230.77/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- ATTRACTIVE RENTAL INCREASES
- STRATEGIC CORNER LOCATION ALONG HIGHWAY 278
- CORPORATE GUARANTY
- ESSENTIAL RETAIL TENANT
- FREESTANDING BUILDING WITH AMPLE SITE AREA
EXECUTIVE SUMMARY
Walgreens in Amory, Mississippi, represents a stable, long-term investment opportunity backed by a corporate guaranty from one of the nation’s leading pharmacy and healthcare retailers. The property features a 13,650 SF freestanding building on a 1.31-acre parcel, strategically positioned along Highway 278, the area’s primary retail corridor with traffic counts exceeding 17,000 vehicles per day. The lease offers investors consistent income growth through 5% rent increases every five years, during the base term and option periods.
Walgreens continues to demonstrate resilience and strong store performance across its portfolio of over 9,000 U.S. locations. This asset benefits from its prominent corner positioning, convenient site layout with ample parking within a high-traffic trade area. With 13.3 years of term remaining and a corporate-backed lease, the property offers a secure income stream and dependable cash flow for passive investors seeking a durable, credit-anchored asset in a proven retail location.
Walgreens continues to demonstrate resilience and strong store performance across its portfolio of over 9,000 U.S. locations. This asset benefits from its prominent corner positioning, convenient site layout with ample parking within a high-traffic trade area. With 13.3 years of term remaining and a corporate-backed lease, the property offers a secure income stream and dependable cash flow for passive investors seeking a durable, credit-anchored asset in a proven retail location.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Building Size
13,650 SF
Year Built
2009
Price
$3,150,000
Price Per SF
$230.77
Cap Rate
6.50%
NOI
$204,750
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.31 AC
Opportunity Zone
Yes
NEARBY MAJOR RETAILERS
CONTACTS
-
David Hoppe -
Eric Suffoletto -
Danny Griffin -
Ben Olmstead -
Kendra Doherty -
Atlantic Capital Partners
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Walgreens | Amory, MS | Corp. Abs NNN Lease | 805 US-278
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