Log In/Sign Up
Your email has been sent.
Walgreens | Amory, MS | Corp. Abs NNN Lease 607 Earl Frye Blvd 13,650 SF 100% Leased Retail Building Amory, MS 38821 $4,361,175 CAD ($319.50 CAD/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
Retail
Property Subtype
Building Size
13,650 SF
Building Class
C
Year Built
1995
Price
$4,361,175 CAD
Price Per SF
$319.50 CAD
Cap Rate
6.50%
NOI
$283,476 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
1.15 AC
Opportunity Zone
Yes
Zoning
Comm
NEARBY MAJOR RETAILERS
CONTACTS
-
David Hoppe -
Eric Suffoletto -
Danny Griffin -
Ben Olmstead -
Kendra Doherty -
Atlantic Capital Partners
1 of 5
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Walgreens | Amory, MS | Corp. Abs NNN Lease | 607 Earl Frye Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.