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CVS | Approx 10yrs Remain Corp Abs NNN 305 Meadowbrook Rd

12,012 SF Retail Building Jackson, MS 39206 £3,912,250 (£326/SF) 8.27% Net Initial Yield

Investment Highlights

  • Approximately 10 Years Remaining | Options To Extend | Corporate Signed
  • Meadowbrook Center (183,000 SF) | Northwood Center (60,000 SF) |Broadway Crossing (325,000 SF) | Primary Retail Corridor
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Strong Demographics in 5-Mile Trade Area

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding CVS Pharmacy investment property located in Jackson, Mississippi. The tenant, CVS Pharmacy has approximately 10 years remaining on their current lease with 10 (5-year) options to extend, demonstrating their commitment to the site. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,012 SF
Building Class
C
Year Built
2008
Price
£3,912,250
Price Per SF
£326
Net Initial Yield
8.27%
NOI
£323,354
Tenancy
Single
Number of Floors
1
Building FAR
0.18
Land Acres
1.54 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
C-3 - General Commercial
Parking
66 Spaces (5.49 Spaces per 1,000 SF Leased)

Amenities

  • Corner Lot
  • Freeway Visibility
  • Signage
  • Signalised Intersection
  • Drive Thru

Links

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PROPERTY TAXES

Parcel Number 0031-0000-001 Improvements Assessment £87,922
Land Assessment £23,006 Total Assessment £110,929

PROPERTY TAXES

Parcel Number
0031-0000-001
Land Assessment
£23,006
Improvements Assessment
£87,922
Total Assessment
£110,929
(480) 221-4221

  • Listing ID: 33087673

  • Date on Market: 15/09/2022

  • Last Updated:

  • Address: 305 Meadowbrook Rd, Jackson, MS 39206

The Retail Property at 305 Meadowbrook Rd, Jackson, MS 39206 is currently available For Sale. Contact SRS National Net Lease for more information.

Nearby Listings

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305 Meadowbrook Rd, Jackson, MS for sale Building Photo- Image 1 of 10
Jackson MS - CVS
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305 Meadowbrook Rd, Jackson, MS for sale Building Photo- Image 3 of 10
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305 Meadowbrook Rd, Jackson, MS for sale Building Photo- Image 5 of 10
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305 Meadowbrook Rd, Jackson, MS for sale Building Photo- Image 6 of 10
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305 Meadowbrook Rd, Jackson, MS for sale Building Photo- Image 9 of 10
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CVS | Approx 10yrs Remain Corp Abs NNN | 305 Meadowbrook Rd
(480) 221-4221 x

CVS | Approx 10yrs Remain Corp Abs NNN | 305 Meadowbrook Rd

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Patrick Luther

(480) 221-4221

(480) 221-4221

Matthew Mousavi

(714) 404-8849

(714) 404-8849

Martin Smith

(205) 259-2195

(205) 259-2195

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