Freestanding CVS Pharmacy in
For Sale
Contact for pricing
7021 Hwy 614, Moss Point, MS 39562
Single-tenant CVS Pharmacy on 2.30 acres in Hurley, Mississippi.
Property Size10,880 SF
Lot Size2.30 Acres
Price / SF$151.76
Days on Market104
Property Features for 7021 Hwy 614
General Information
Standard status
Active
Size
10,880 SF
Lot size
2.30 Acres
Property subtype
RETAIL
Listing Agency:
Garito & Company
(561) 568-1352
Listed By:
Wes Sharpe
Source:
Moodyscre
Added: May 20
Changed: Aug 16
Last Checked: Aug 30 at 9:51PM
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 Garito & Company
Investment Insights
Based on property information with market context.
This single-tenant CVS Pharmacy in Hurley, Mississippi, offers a stable, income-producing investment supported by a nationally recognized tenant. Constructed in 2005, the property features a freestanding building of approximately 10,880 square feet on approximately 2.30 acres. It is strategically located at the intersection of State Highway 614 and State Highway 63, within Hurley’s primary retail corridor, providing strong visibility and convenient access. The location benefits from a combined traffic count of approximately 12,020 vehicles per day. The surrounding area includes a mix of national retailers and essential service providers, contributing to consistent consumer traffic and long-term market stability.
Key Highlights
- Single‑tenant property leased to CVS Pharmacy, a nationally recognized tenant, providing stable income.
- Freestanding building of ±10,880 square feet built in 2005 to CVS's specifications.
- Strategic location at the intersection of State Highway 614 and State Highway 63 in Hurley's main retail area.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$129,517
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,590,340
$2.6M
Cap Rate 7%
$1,850,243
$1.9M
Cap Rate 9%
$1,439,078
$1.4M
Market Conditions
NOI Build-Up for 10,880 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$185.4K $17.04/SF
− Vacancy
−$371 −$0.03/SF
EGI
$185.0K $17.01/SF
− OpEx
−$55.5K −$5.10/SF
NOI
$129.5K $11.90/SF
Area
Jackson County, MS
Vacancy
0.20%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,590,340
Cap Rate 7%
$1,850,243
Cap Rate 9%
$1,439,078
Alternative Uses
Best Use
Specialty Retail
$2.30M
$2.01M – $2.68M
NOI $160,877 @ 7.0% cap · market cap 9.74%
Second Best
Retail
$1.85M
$1.62M – $2.16M
NOI $129,517 @ 7.0% cap · market cap 7.84%
Theoretical Best
Office A
$2.97M
$2.60M – $3.47M
NOI $208,060 @ 7.0% cap · market cap 12.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
189
Businesses Nearby
22k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Dining 44%
Apparel 11%
El Campesino
Dining
5,590 visits/mo
0.3 miles
Advance Auto Parts
Shops & Services
4,450 visits/mo
0.3 miles
FedEx Office Print & Ship Center
Shops & Services
3,462 visits/mo
0.2 miles
AutoZone
Shops & Services
2,191 visits/mo
0.4 miles
Pizza Hut
Dining
2,146 visits/mo
0.2 miles
Demographics for 39562, MS
16,780
Population
7,717
Households
2.2
Avg Household Size
43
Median Age
13%
College-Educated
82%
High-School Grad
201.6 sq mi
ZIP Area
83
Density / Sq Mi
$55,602
Median Household Income
$46,224
Median Earnings
$976
Median Rent
$158,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- CVS — 7021 MS-614, Hurley, MS 39555
- Rx Express Pharmacy — 7100 h Highway #614, Moss Point, MS 39562
- Steve Mcmellon, RPH — 7100 MS-614, Moss Point, MS 39562
- CVS Pharmacy — 7021 MS-614, Hurley, MS 39555, United States
Frequently Asked Questions
What type of property is this?
Drug store - Single-tenant CVS Pharmacy on 2.30 acres in Hurley, Mississippi.
Where is this drug store located?
The property is located at 7021 Hwy 614 Moss Point, MS.
What is the asking price?
The asking price for this property is $1,651,111.
What are key features of this property?
This property features: Single‑tenant property leased to CVS Pharmacy, a nationally recognized tenant, providing stable income.; Freestanding building of ±10,880 square feet built in 2005 to CVS's specifications.; Strategic location at the intersection of State Highway 614 and State Highway 63 in Hurley's main retail area.
