220 Highway 12 W - Drug Store FOR SALE


Starkville, MS 39759- Downtown Starkville
$3,329,000 USD
630-570-2260
220 Highway 12 W, Starkville, MS for Sale
$3,329,000 USD
Drug Store - FOR SALE
1/9
null | 7.75% Cap Rate

220 Highway 12 W
Starkville, MS 39759
Downtown Starkville


HIGHLIGHTS

  • Absolute Triple-Net (NNN) Lease with a Corporate Guarantee and Seven Years of Term Remaining.
  • One Mile from Mississippi State University Campus which Serves 23,150 Students.
  • Long Operating History | Walgreens has been Operating at this Location Since 2002 Showing Commitment to the Site.
  • Very Limited Competition in the Trade Area.
  • Top-Ranked Walgreens Location by Visits Within a 15-Mile Radius (per placer.ai).
  • Located at a Signalized Hard-Corner Intersection of Mississippi 12 and Louisville St with 34,400 VPD (vehicles per day).

OVERVIEW

This NNN Walgreens lease has seven years of term remaining with 10, 5-year renewal options, ensuring a stable long-term investment. Walgreens has operated at this location since 2002, with the lease corporately guaranteed by Walgreens Co. The store is the top-ranked Walgreens within a 15-mile radius based on visit volume. Strategically situated at a high-traffic intersection, the property benefits from excellent visibility and its proximity to Mississippi State University, local schools, and popular retail hubs like Starkville Crossing, which is the top ranked shopping center within a 15-mile radius. The area has experienced over 8.76% population growth from 2010-2020, supporting a strong and growing daytime population.

FOR SALE DETAILS

PRICE

$3,329,000 USD

PRICE/SF

$230 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens | Starkville, MS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

66

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

-

APN/PARCEL ID

102B-00-292.00,102G-00-004.00

ASK ABOUT THIS PROPERTY

Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2260

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Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2260

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