Walgreens Absolute NNN
For Sale
Contact for pricing
Pending
1065 Main St, Southaven, MS 38671
Freestanding pharmacy with drive-through service and a corporate-backed lease structure requiring no landlord management or maintenance.
Property SizeContact for details
Days on Market143
Property Features for 1065 Main St
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Corner Location
Yes
Traffic Count
21,000 vehicles/day
Highway Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Marcus & Millichap - Memphis
Listed By:
William Davis · License #MS B-15586
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 3:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Memphis
Investment Insights
Based on property information with market context.
This Walgreens property is leased under an absolute NNN structure, placing management and maintenance responsibilities with the tenant. The lease is guaranteed by Walgreen Co., a subsidiary of Walgreens Boots Alliance, Inc., and includes 5% rent increases at five-year intervals during the initial term and available renewal periods. Twelve five-year renewal options are identified in the lease terms.
The building includes a drive-through lane and occupies a four-way signalized corner at U.S. Highway 51/N Panola Street and Norfleet Drive. Combined traffic volume exceeds 21,000 VPD. Walmart Supercenter and Northwest Mississippi Community College are located across the street, providing an established retail and institutional setting for the operating pharmacy.
The building includes a drive-through lane and occupies a four-way signalized corner at U.S. Highway 51/N Panola Street and Norfleet Drive. Combined traffic volume exceeds 21,000 VPD. Walmart Supercenter and Northwest Mississippi Community College are located across the street, providing an established retail and institutional setting for the operating pharmacy.
Key Highlights
- Absolute NNN lease with no landlord management or maintenance responsibilities
- Lease guaranteed by Walgreen Co., a subsidiary of Walgreens Boots Alliance, Inc.
- 5% rent increases every 5 years during the original term and renewal options
Property Analytics
Property Profile
Current Use
Lease Details
21,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
563
Businesses Nearby
132k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Shops & Services 25%
Superstores 22%
Apparel 8%
Big Lots
Superstores
29,158 visits/mo
0.2 miles
SONIC Drive In
Dining
18,875 visits/mo
0.1 miles
Wendy's
Dining
17,209 visits/mo
0.2 miles
Raceway
Shops & Services
15,765 visits/mo
0.5 miles
Goodwill
Apparel
10,402 visits/mo
0.2 miles
Demographics for 38671, MS
36,073
Population
15,565
Households
2.3
Avg Household Size
36
Median Age
21%
College-Educated
91%
High-School Grad
22.2 sq mi
ZIP Area
1,625
Density / Sq Mi
$61,744
Median Household Income
$41,685
Median Earnings
$1,319
Median Rent
$176,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Freestanding pharmacy with drive-through service and a corporate-backed lease structure requiring no landlord management or maintenance.
Where is this nnn property located?
The property is located at 1065 Main St Southaven, MS.
What are key features of this property?
This property features: Absolute NNN lease with no landlord management or maintenance responsibilities; Lease guaranteed by Walgreen Co., a subsidiary of Walgreens Boots Alliance, Inc.; 5% rent increases every 5 years during the original term and renewal options
