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    348 Us-90 Waveland, MS 39576

    For Sale
    $10,073,000

    High-Yield Retail Investment, 87,239 SF

    Property size:
    87,239 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional portfolio comprises four Walgreens properties strategically located across four states: Mississippi, California, Connecticut, and Pennsylvania. The portfolio totals 87,239 square feet and boasts a 100% occupancy rate, generating a strong net operating income (NOI) of $844,975, representing an attractive 8.39% cap rate. Each property operates under an absolute NNN lease, minimizing landlord responsibilities and ensuring consistent cash flow. The asking price is $10,073,000, translating to a price per square foot of $115.46. The portfolio's diverse geographic locations and strong tenant—a national pharmacy chain—offer significant investment stability and potential for long-term growth. Individual property details include: a 15.97-acre lot in Waveland, Mississippi (348 US-90, 39576)

    Property Features for 348 Us-90

    General Information

    Property type
    Individual retail properties
    Square Feet
    87,239 SF
    Lot Size
    695,653 SF

    HighLights

    • Four Walgreens properties in four different states.
    • Excellent 1031 exchange opportunity with high leverage potential.
    • Suitable for 1031 exchange and long‑term estate planning.
    • Triple‑net (NNN) leases; no landlord responsibilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Drug stores

    Map

    City
    Waveland
    County
    Hancock
    State
    Mississippi
    Longitude
    -89.3784768
    Latitude
    30.3070394

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    FAQs

    What type of property is this?
    Individual retail property - High-Yield Retail Investment, 87,239 SF
    Where is this individual retail property located?
    The property is located at 348 Us-90 Waveland, MS.
    What is the asking price?
    The asking price for this property is $10,073,000.
    What are key features of this property?
    This property features: Four Walgreens properties in four different states.; Excellent 1031 exchange opportunity with high leverage potential.; Suitable for 1031 exchange and long-term estate planning.
    Request Owner's contact information
    348 Us-90 Waveland, MS 39576
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    Waveland, MS 39576
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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
    348 Us-90 Waveland, MS 39576
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