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305 Meadowbrook Rd, Unit | Jackson Jackson, MS 39206

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For Sale
$4,592,000

NNN leased investment opportunity with long-term passive income stream.

Property size:
12 SF

Property Features for 305 Meadowbrook Rd

General Information

Size
12 SF
Source: Lee-associates

Listing Agent: Ryan Bennett

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

NNN Retail Investment Opportunity

This retail property is leased to CVS Health Corp, the largest pharmacy in the U.S., with an investment-grade credit rating (S&P: BBB). The lease has over 9 years remaining, providing a long-term passive income stream under an absolute NNN lease structure. The property benefits from a hard corner location at the signalized intersection of Meadowbrook Rd & N. State St/SR-51 and is an outparcel to Meadowbrook Shopping Center, anchored by Piggly Wiggly. Its location along a major retail and commuter corridor offers strong retail synergy. The property is situated near several major medical centers, including the University of Mississippi Medical Center, one of the state's largest employers, supporting the tenant's success. Located just 2 miles from Interstate 55, the property is in the city of Jackson, the capital of Mississippi and the state's most populated city, which sees over 1 million visitors downtown annually. Improvements to N. State St/SR-51 were completed in 2020. The property is suitable for investment purposes.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

CVS Photo Passport Photo Processor CDReload - Online Bitcoin ... Crypto Atm Redbox Movie Rental Kiosk CVS Drug Store CVS Pharmacy Pharmacy

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

CVS, Walgreens Pharmacy, CVS Pharmacy, Joann Giraud, COVID-19 Drive-Thru Testing at Walgreens

Location Insight

  • Map
  • Local Demand
City
Jackson
County
Rankin
State
Mississippi
Longitude
-90.1749281
Latitude
32.3496176

FAQs

What type of property is this?
Drug store - NNN leased investment opportunity with long-term passive income stream.
Where is this drug store located?
The property is located at 305 Meadowbrook Rd, Unit | Jackson Jackson, MS.
What is the asking price?
The asking price for this property is $4,592,000.
What are key features of this property?
This property features: - Investment Grade Credit Tenant (CVS Health Corp, S&P: BBB); - Absolute NNN Lease Real Estate Advantage: Long-Term Passive Income Stream; - Over 9 Years Remaining on Lease Term
More about this property
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