348 Us-90 Waveland, MS 39576
- Retail properties
- 87,239 SF
- 15.97 lot acres
Current Use by Public Records
- Retail properties
Property Details for 348 Us-90
- Lot size
- 15.97 lot acres
- Property size
- 87,239 SF
- Property type
- Retail properties
- Property subtype
- Drug stores
Description
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)
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Waveland
- County
- Hancock
- State
- Mississippi
- Longitude
- -89.3785
- Latitude
- 30.307
