Limited Competition 9 Yr NNN Walgreens 10 CAP 219 Woodland Dr N 13 605 pi² Commerce de détail Immeuble Forest, MS 39074 4 949 058 $ CAD (363,77 $ CAD/pi²) 10% Taux de capitalisation

We are pleased to market for sale the leasehold interest for the Walgreens property located at 219 North Woodland Drive, Forest, MS 39074 (the “Property”). The asset is subject to a long-term absolute triple-net (NNN) lease with no landlord responsibilities. The lease runs through January 31, 2034, providing consistent income throughout the remaining term. The lease structure allows for a significant portion of the purchase price to be recaptured during the initial term.
The Property is located just off U.S. Route 80, the primary east-west corridor connecting Meridian and Jackson, Mississippi. This route supports steady regional traffic and provides direct access to Forest’s commercial and industrial districts. With no other Walgreens within a 32-mile radius, this site serves as the tenant’s primary location in the surrounding area.
Forest is home to two of the region’s largest industrial employers: Tyson Foods, operating a 288,710-square-foot processing facility with over 1,500 employees, and Raytheon Technologies, which maintains a 407,000-square-foot consolidated Manufacturing Center. In 2022, Tyson invested $90 million in expanding their processing plant which in turn created an additional 320 jobs and made it the single largest capital investment in Scott County. These facilities anchor local employment and reflect long-term investment in the region.
As the county seat of Scott County, Forest also hosts Lackey Memorial Hospital, a 25-bed medical facility providing primary and emergency care. The area supports a mix of government, education, and small business employers, contributing to its role as a regional center for services and employment.
Listed in conjunction with Brian Brockman, Bang Realty of Mississippi Inc|, 513-898-1551, wg@bangrealty.com, MS DRE Lic. 21542.