Freestanding Drive-Thru Pharmacy
For Sale
Contact for pricing
Pending
109 Duncan Street, Water Valley, MS 38965
Fred’s Pharmacy property offers a drive-thru pharmacy and a new 15-year absolute triple-net lease with no landlord responsibilities.
Property SizeContact for details
Days on Market134
Property Features for 109 Duncan Street
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
HMX Realty Advisors
(212) 686-0072
Listed By:
Dan de Sa · License #NY 40DE0945716
Source:
Crexi
Added: Apr 11
Changed: Aug 13
Last Checked: Aug 21 at 11:36AM
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 HMX Realty Advisors
Investment Insights
Based on property information with market context.
Freud’s Pharmacy has operated at this location for nearly 60 years, since 1959. The property includes a pharmacy with drive-thru service and a license to sell beer. Following sale, Fred’s will sign a new 15-year, absolute triple-net lease, with no landlord responsibilities, and the lease includes increases during the base term and option periods.
The property is located in the center of Water Valley, Mississippi, next to a new bank. The surrounding area has experienced gentrification, reflected along Main Street by new independent coffee shops, restaurants, and clothing stores.
The property is located in the center of Water Valley, Mississippi, next to a new bank. The surrounding area has experienced gentrification, reflected along Main Street by new independent coffee shops, restaurants, and clothing stores.
Key Highlights
- Fred’s Pharmacy in Water Valley, MS has operated at this location since 1959 (nearly 60 years)
- New 15‑year absolute triple‑net lease at closing with Fred’s signing, and no landlord responsibilities
- Lease includes rent increases during the base term and option periods
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
105
Businesses Nearby
16k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Shops & Services 30%
SONIC Drive In
Dining
9,311 visits/mo
0.3 miles
Citgo
Shops & Services
3,350 visits/mo
0.2 miles
SUBWAY
Dining
2,131 visits/mo
0.2 miles
Napa Auto Parts
Shops & Services
1,139 visits/mo
0.5 miles
Super Lube
Shops & Services
439 visits/mo
0.2 miles
Demographics for 38965, MS
9,219
Population
4,192
Households
2.2
Avg Household Size
44
Median Age
15%
College-Educated
88%
High-School Grad
251.6 sq mi
ZIP Area
37
Density / Sq Mi
$57,368
Median Household Income
$35,147
Median Earnings
$655
Median Rent
$121,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Valley Drugs, Inc — 327B S Main St, Water Valley, MS 38965
- Turnage Drug Store — 323 N Main St, Water Valley, MS 38965
Frequently Asked Questions
What type of property is this?
Drug store - Fred’s Pharmacy property offers a drive-thru pharmacy and a new 15-year absolute triple-net lease with no landlord responsibilities.
Where is this drug store located?
The property is located at 109 Duncan Street Water Valley, MS.
What are key features of this property?
This property features: Fred’s Pharmacy in Water Valley, MS has operated at this location since 1959 (nearly 60 years); New 15‑year absolute triple‑net lease at closing with Fred’s signing, and no landlord responsibilities; Lease includes rent increases during the base term and option periods
