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CVS Pharmacy 305 Meadowbrook Rd 12,117 SF Retail Building Jackson, MS 39206 $6,277,494 CAD ($518.07 CAD/SF) 9% Cap Rate
Investment Highlights
- CVS Health Corp: Investment Grade Credit Tenant (S&P: BBB) | Largest Pharmacy in the U.S.
- Real Estate Advantage | Hard Corner Signalized Intersection of Meadowbrook Rd & N. State St/SR-51 | Outparcel to Meadowbrook Grocery Anchored Center
- Located Along Major Retail/Commuter Corridor | Strong Retail Synergy | Just 2 Miles from Interstate 55 | Completed Improvements to N. State St/SR-51
- Over 9 Years Remaining on Lease Term | Long-Term Passive Income Stream | Absolute NNN Lease
- Proximity to Several Major Medical Centers | Near University of Mississippi Medical Center | One of the States Largest Employers
- Located in City of Jackson | Capital City of Mississippi | Most Populated City in the State | Over 1 Million People Visit Downtown Every Year
Executive Summary
Lee & Associates, listed in conjunction with Mississippi real estate broker Bang Realty-Mississippi, Inc., is pleased to exclusively offer for sale the opportunity to acquire the fee simple interest in a CVS Pharmacy investment property located in Jackson, Mississippi (the “Property”). Constructed in 2008 as a build-to-suit for CVS, the Property consists of a 12,012-square-foot retail building with drive thru lane situated on a 1.54-acre parcel.
This property offers a highly desirable Absolute-NNN lease with over 9-years remaining, providing a truly passive, long-term income stream.
This property offers a highly desirable Absolute-NNN lease with over 9-years remaining, providing a truly passive, long-term income stream.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
12,117 SF
Building Class
B
Year Built
2008
Price
$6,277,494 CAD
Price Per SF
$518.07 CAD
Cap Rate
9%
NOI
$564,944 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.54 AC
Opportunity Zone
Yes
Zoning
C-3 - General Commercial
Parking
66 Spaces (5.45 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Freeway Visibility
- Signage
- Signalized Intersection
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
CVS Pharmacy began in 1963 in Lowell, Massachusetts, as a health and beauty product retailer. The company expanded into pharmacy services in 1967 and grew through acquisitions to become a national healthcare provider. Today, CVS operates numerous retail pharmacy locations and walk-in clinics across the United States. The company also offers pharmacy benefit management services and health insurance products through various subsidiaries. CVS has established a significant presence in the healthcare sector by integrating retail, clinical, and insurance services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 0430-0310-001 | Improvements Assessment | $163,008 CAD |
| Land Assessment | $40,209 CAD | Total Assessment | $203,218 CAD |
Property Taxes
Parcel Number
0430-0310-001
Land Assessment
$40,209 CAD
Improvements Assessment
$163,008 CAD
Total Assessment
$203,218 CAD
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CVS Pharmacy | 305 Meadowbrook Rd
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