1628 Simpson Highway 49
Magee, MS 39111
Walgreens · Retail Property For Sale

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the leasehold interest in the single-tenant, absolute triple-net leased Walgreens located at 1628 US Highway 49 in Magee, Mississippi (the “Property”). Walgreens has been at the Property since its construction in 2007 and has 6+ years remaining on an absolute triple-net lease with ten (10), 5-year renewal options. The Walgreens lease runs coterminous with the ground lease and is structured so the Walgreens renewal options’ rent increases keep pace with the ground lease renewal options’ increases, ensuring consistent revenue. The Property occupies a prominent corner location at the signalized intersection of 11th Avenue SW and US Highway 49, the community’s main commercial artery and commuter route. The Walgreens store enjoys exceptional exposure and frontage, along with dual curb cuts that provide convenient access. It is positioned directly across from Walmart Supercenter and is surrounded by a strong mix of national and local retailers and dining options. The site is located approximately one mile from Magee General Hospital and in close proximity to public schools, generating consistent daily traffic and supporting a dependable customer base. The Property also offers easy access to nearby residential neighborhoods and is well connected to the broader region via MS Routes 28, 149, 541, and 545. Magee is centrally located within Mississippi, roughly 40 miles southeast of Jackson, further enhancing the Property’s regional accessibility.