310 Meadowbrook Rd Jackson, MS 39206
Property profile & analytics
310 Meadowbrook Rd Jackson, MS 39206
- Drug stores
- 15,401 SF
- 0.56 lot acres
Property ID
US50-0322642
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Walgreens Photo / (Bike/Boat/Book/etc) Store
- Walgreens Pharmacy / Pharmacy
- Coinhub Bitcoin ATM Teller / Atm
- FedEx OnSite / Postal Service / Courier Service
- Western Union / Bank / Credit Union
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.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,602,000
Market price range: $558k - $1.60M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,025,000 Current use
- RESTAURANT
- $1,660,000 Change: +62% Conversion: Easy
- COMMERCIAL (GENERAL)
- $1,470,000 Change: +44% Conversion: Easy
- OFFICE BUILDING
- $1,335,000 Change: +31% Conversion: Easy
- MEDICAL BUILDING
- $1,230,000 Change: +20% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,015,000 Change: -1% Conversion: Difficult
- WAREHOUSE, STORAGE
- $920,000 Change: -10% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- 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
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$34,634
$28,424
$151,634
$180,058
-
$189,490
$1,010,890
$1,200,380
