310 Meadowbrook Rd Jackson, MS 39206

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.