305 Meadowbrook Rd, Unit | Jackson Jackson, MS 39206

Property Details for 305 Meadowbrook Rd

Year built

2008

Property size

12,117 SF

Property type

Retail space

Property subtype

Storefront properties

APN

0430 0310 001

APU

4300310001

Description

This exceptional investment opportunity presents a fee-simple interest (land and building) in a freestanding CVS Pharmacy located at 305 Meadowbrook Rd, Jackson, MS 39206. The property boasts 12,012 square feet on a 1.54-acre lot, built in 2008 and zoned C-3 General Commercial. The absolute NNN lease with CVS Pharmacy, a corporate-guaranteed tenant, has approximately 9.7 years remaining, with ten 5-year renewal options. This provides significant long-term stability and predictable cash flow. The property features 66 parking spaces and enjoys a prime location in a high-traffic retail corridor, benefiting from proximity to major roadways (US Highway 51) and significant retail centers including Meadowbrook Center (183,000 sq ft), Northwood Shopping Center (60,000 sq ft), and Highland Village Shopping Center (230,000 sq ft). The strong demographics of the 5-mile trade area, with a population exceeding 97,300 and an average household income of $73,176, further enhance the investment's appeal. The property's NOI is $413,258, resulting in an 8.27% cap rate, and the asking price is $5,000,000 ($416.25/sq ft). This presents a compelling opportunity for passive investors seeking a low-management, high-return investment with a strong tenant and long-term lease. The property's APN is 0430 0310 001.

Location Insight

City

Jackson

County

Hinds

State

Mississippi

Longitude

-90.1749

Latitude

32.3496

CBSA code

27140

CBSA name

JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments