310 Meadowbrook Rd Jackson, MS 39206

Property Details for 310 Meadowbrook Rd

Year built

2015

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.56 lot acres

Property size

15,401 SF

Property type

Drug stores

APN

0430 0021 000

APU

4300021000

Description

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.

Location Insight

City

Jackson

County

Hinds

State

Mississippi

Longitude

-90.1742

Latitude

32.3508

CBSA code

27140

CBSA name

JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments