Freestanding CVS Pharmacy in
7021 Hwy 614 Moss Point, MS 39562
7021 Hwy 614, Moss Point, MS, 39562
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For Sale
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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 Market58
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 Checked: Jul 16 at 3:12 am
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.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $185.4k | $17.04 |
| − Vacancy | −$371 | −$0.03 |
| EGI | $185.0k | $17.01 |
| − OpEx | −$55.5k | −$5.10 |
| NOI | $129.5k | $11.90 |
10,880 SF · lease $17.04/SF/yr · vacancy 0.20% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Drug stores
Similar For Sale Nearby
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
FAQs
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.
