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Richland, MS (Jackson MSA) 39218

Walgreens

Property Address

1199 Highway 49, Richland, MS, USA

Offering Summary

  • Price: $3,988,000
  • Lot Size: 1.31 Acres
  • Cap Rate: 8.50%
  • Year Built: 2005
  • Building SF: 14,560
  • Status: Available
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  • Absolute Triple-Net (NNN) Lease with Corporate Walgreens Guaranty
  • 6 Years Remaining on Lease Term with Multiple Renewal Options
  • 38,740 Residents within a 5-Mile Radius - Growing Trade Area in the Jackson MSA
  • Signalized Hard Corner Location, Visible to Nearly 51,000 Cars per Day at the Intersection of Highway 49 South and Scarbrough Street
  • Dense Retail Corridor - Surrounding Tenants Include Walmart, Kroger, Burger King, McDonald's, and Tractor Supply Co
  • Directly Across from Richland High School (800 Students)
  • Located within a 20-Minute Drive of Downtown Jackson and Jackson-Medgar Wiley Evers International Airport
  • Walgreens FY 2023 Sales Increased 4.8% to $139.1 Billion; Q1 2024 Sales Increased 10% YoY to $36.7 Billion

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