219 Woodland Dr N - Drug Store FOR SALE


Forest, MS 39074
$3,592,000 USD
619-297-0055
219 Woodland Dr N, Forest, MS for Sale
$3,592,000 USD
Drug Store - FOR SALE
1/2
null | 10% Cap Rate

219 Woodland Dr N
Forest, MS 39074


HIGHLIGHTS

  • Absolute triple-net lease with no landlord responsibilities; stable income through January 31, 2034.
  • Located 1.5 mi away, Tyson invested $90M in expanding its facility, creating 320 jobs and making it the largest capital investment in Scott County.
  • The investment allows for a significant portion of the purchase price to be recaptured during the initial lease term.
  • No other Walgreens within a 32-mile radius; tenant serves as the primary national pharmacy provider in the region.
  • Positioned off U.S-80 the property is located just off the main east-west corridor connecting Meridian and Jackson.

OVERVIEW

We are pleased to market for sale the Walgreens property located at 219 North Woodland Drive, Forest, MS 39074 (the “Property”). The asset is subject to a long-term absolute triple-net (NNN) lease with no landlord responsibilities. The lease runs through January 31, 2034, providing consistent income throughout the remaining term. The lease structure allows for a significant portion of the purchase price to be recaptured during the initial term. The Property is located just off U.S. Route 80, the primary east-west corridor connecting Meridian and Jackson, Mississippi. This route supports steady regional traffic and provides direct access to Forest’s commercial and industrial districts. With no other Walgreens within a 32-mile radius, this site serves as the tenant’s primary location in the surrounding area. Forest is home to two of the region’s largest industrial employers: Tyson Foods, operating a 288,710-square-foot processing facility with over 1,500 employees, and Raytheon Technologies, which maintains a 407,000-square-foot consolidated Manufacturing Center. In 2022, Tyson invested $90 million in expanding their processing plant which in turn created an additional 320 jobs and made it the single largest capital investment in Scott County. These facilities anchor local employment and reflect long-term investment in the region. As the county seat of Scott County, Forest also hosts Lackey Memorial Hospital, a 25-bed medical facility providing primary and emergency care. The area supports a mix of government, education, and small business employers, contributing to its role as a regional center for services and employment. Listed in conjunction with Brian Brockman, Bang Realty of Mississippi Inc|, 513-898-1551, wg@bangrealty.com, MS DRE Lic. 21542.

FOR SALE DETAILS

PRICE

$3,592,000 USD

PRICE/SF

$264 USD /SF

CAP RATE

10%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Limited Competition 9 Yr NNN Walgreens 10 CAP

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Convenience Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.78 AC

LAND SF

77,537 SF

ZONING

-

APN/PARCEL ID

3-085C-00-029-00-2-00901

ASK ABOUT THIS PROPERTY

Jason PongsrikulPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

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Jason PongsrikulPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.