Listing 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.
Full Description
Lee & Associates, in association with Bang Realty-Mississippi, Inc., is proud to present a premier opportunity to acquire a fee-simple interest in a CVS Pharmacy located in Jackson, Mississippi. This 12,012-square-foot retail property, featuring a dedicated drive-thru, was a 2008 build-to-suit situated on a high-visibility 1.54-acre parcel.
Investment Highlights
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Credit Tenant: Leased to CVS Health Corp (S&P: BBB), the #6 ranked company on the Fortune 500 with $372.8B in annual revenue.
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Passive Income: Absolute NNN Lease with zero landlord responsibilities, ideal for out-of-state or 1031 exchange investors.
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Long-Term Stability: Over 9 years of firm term remaining on a high-performing site.
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Unique Structure: Features a three-year rent holiday starting in year 23, offering a distinct advantage for specific tax and yield strategies.
Strategic Medical Corridor Location
This CVS Pharmacy investment property is strategically positioned at the signalized hard corner of N. State St (SR-51) and Meadowbrook Rd. The site benefits from:
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Exceptional Visibility: Multiple points of ingress/egress at a high-traffic intersection.
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Retail Synergy: Located directly across from the Meadowbrook Shopping Center.
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Healthcare Hub: Proximity to the University of Mississippi Medical Center and Baptist Medical Center ensures a built-in, pharmacy-reliant customer base.
Quick Glance
- Listing ID:
CL-Mississippi-14980
- Status:
Active
- Year Build:
2008
- Building Size:
N/A
- Lot Size:
1.54 Acre