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    310 Meadowbrook Rd Jackson, MS 39206

    For Sale
    $5,857,000

    High-yield Walgreens investment; 10+ years remaining

    Property size:
    14,550 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents the fee simple ownership of a Walgreens drugstore in Jackson, Mississippi. The property, built in 2015, boasts 14,550 square feet on a 1.68-acre lot and features 57 parking spaces. Located at 310 Meadowbrook Rd, Jackson, MS 39206, this strategically positioned property benefits from a high-traffic location at a signalized intersection, offering excellent visibility and accessibility. The Walgreens lease, an absolute NNN lease with a corporate guarantee, has over 10.5 years remaining, with ten 5-year renewal options. This provides significant long-term stability and minimal landlord responsibilities. The property's strong performance is reflected in its 7.00% cap rate and $410,000 NOI. The asking price is $5,857,000, translating to $402.54 per square foot. The property is situated in a thriving retail corridor near Highland Village, a shopping center attracting over 2.4 million visitors annually, and is surrounded by other national retailers, creating a synergistic environment. The 5-mile trade area boasts a substantial population and daytime workforce, with a strong average household income. This is a rare opportunity to acquire a well-performing, low-management investment property anchored by a highly reputable national tenant. The property is zoned for General Commercial District and has a drive-thru for added customer convenience. The APN is 0430 0021 000.

    Property Features for 310 Meadowbrook Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    14,550 SF
    Lot Size
    73,181 SF

    Building Details

    Year Built
    2015

    HighLights

    • $5,857,000 asking price for a Walgreens property in Jackson, MS.
    • Absolute NNN lease with a corporate guarantee from Walgreens, offering zero landlord responsibilities.
    • 10.5 years remaining on a 20‑year lease with 10 five‑year renewal options.
    • 14,550 square feet building on a 1.68‑acre lot with 57 parking spaces.
    • Located at a signalized intersection with high visibility and a drive‑thru.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Walgreens Photo Passport Photo Processor Walgreens Pharmacy Pharmacy Coinhub Bitcoin ATM ... Atm FedEx OnSite Mailing Service Western Union Money Transfer Service

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Hinds
    State
    Mississippi
    Longitude
    -90.1741614
    Latitude
    32.350769

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    FAQs

    What type of property is this?
    Individual retail property - High-yield Walgreens investment; 10+ years remaining
    Where is this individual retail property located?
    The property is located at 310 Meadowbrook Rd Jackson, MS.
    What is the asking price?
    The asking price for this property is $5,857,000.
    What are key features of this property?
    This property features: $5,857,000 asking price for a Walgreens property in Jackson, MS.; Absolute NNN lease with a corporate guarantee from Walgreens, offering zero landlord responsibilities.; 10.5 years remaining on a 20-year lease with 10 five-year renewal options.
    Request Owner's contact information
    310 Meadowbrook Rd Jackson, MS 39206
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    Jackson, MS 39206
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    310 Meadowbrook Rd Jackson, MS 39206
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