Moss Point Retail for Sale
Full 3 year rent credit at closing. $445,908 credit at closing! Colliers is excited to present an exceptional investment opportunity: the fee simple interest in a single-tenant CVS Pharmacy located in the thriving community of Hurley, Mississippi (the "Property"). This prime retail asset spans 2.30 acres and features a meticulously designed, 10,880-square-foot CVS Pharmacy, built-to-suit in 2005 to meet the tenant’s exact specifications. Strategically positioned in Hurley’s primary retail corridor at the intersection of State Highway 614 and State Highway 613 (boasting a combined 12,020 vehicles per day), this property offers unmatched visibility and accessibility, making it a standout in the region.
The Property is anchored by a robust 25-year absolute NNN lease with CVS Health Corporation, a Fortune 6 company, which commenced on December 22, 2005, and runs through January 31, 2031, with approximately 7 years remaining. The annual base rent is $148,636, complemented by two (2) five-year fixed-rate renewal options and eight (8) additional five-year fair market value renewal options, ensuring long-term stability and income potential. With zero landlord responsibilities, this passive investment delivers secure, hassle-free returns.
Hurley, Mississippi, offers a unique blend of small-town charm and economic vitality, making this CVS Pharmacy an ideal acquisition. Located in Jackson County—the most industrialized county in Mississippi—the area is a hub of opportunity, driven by major employers like Ingalls Shipbuilding and the Chevron Pascagoula Refinery. The Property benefits from its proximity to the Singing River Medical Clinic, part of the Singing River Health System, one of the Mississippi Gulf Coast’s largest employers with over 3,500 staff and service to more than 100,000 patients annually. As the only freestanding retail pharmacy within a 20-mile radius, this CVS location enjoys a captive market and a strategic advantage in serving the healthcare needs of the growing local population.
The surrounding region is poised for continued growth, with a 43.4% population increase within 5 miles since 2000 and a projected annual growth rate of 0.41% through 2029. Households in the area have seen a remarkable 49.1% rise over the same period, with an average household income of $93,345 within 5 miles, reflecting strong economic fundamentals. Positioned just 24 miles north of Pascagoula and 35 miles west of Mobile, Alabama, the Property benefits from its proximity to key economic hubs, including the Port of Pascagoula, while maintaining its rural appeal and excellent highway frontage.
this CVS Pharmacy represents a rare chance to acquire a high-quality, income-generating asset in a growing market, backed by a world-class tenant and a location that combines convenience, exclusivity, and long-term value.
