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Walgreens | Corinth, MS 2026 Highway 72 E 14,560 SF Retail Building Corinth, MS 38834 $4,111,039 CAD ($282.35 CAD/SF) 8% Cap Rate
Investment Highlights
- Early 10-year renewal - Absolute triple-net (NNN) lease with a corporate guarantee.
- Top-ranked Walgreens location by visits within a 15-mile radius (per Placer.ai).
- Positioned directly across the street from Walmart Supercenter which has 2.5 million annual visitors.
- Long operating history | Walgreens has been operating at this location since 2004 showing commitment to the site.
- Located at the signalized hard-corner intersection of Highway 72 and South Harper Road with over 33,000 VPD (vehicles per day).
Executive Summary
This high-performing Walgreens offers a strong investment opportunity with an absolute triple-net (NNN) lease and a corporate guarantee. The lease has 10 years remaining, with 10 additional 5-year renewal options. Walgreens has been a tenant since 2004, demonstrating a strong commitment to this site. It is a top-ranked location within a 15-mile radius based on visit volume, and is situated at a signalized hard-corner intersection with over 33,000 vehicles per day, offering excellent visibility. The property is surrounded by top-ranked national retailers, including Walmart Supercenter and Lowe’s Home Improvement, both ranked as the top locations within a 15-mile radius. Other notable national retailers in the area include Hobby Lobby, ALDI, and Marshalls, ensuring consistent foot traffic.
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Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,560 SF
Building Class
C
Year Built
2004
Price
$4,111,039 CAD
Price Per SF
$282.35 CAD
Cap Rate
8%
NOI
$328,883 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
2.10 AC
Opportunity Zone
Yes
Parking
85 Spaces (5.84 Spaces per 1,000 SF Leased)
Frontage
825’ on U.S. 72
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0904-18-2D-00100 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $382,192 CAD |
Property Taxes
Parcel Number
0904-18-2D-00100
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$382,192 CAD
Contacts
-
Sean Sharko -
Austin Weisenbeck -
Benjamin Shapiro -
Sharko | Weisenbeck | Mendoza Group
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Walgreens | Corinth, MS | 2026 Highway 72 E
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