225 State Highway 30 W - Drug Store FOR SALE


New Albany, MS 38652
$3,732,273 USD
703-477-1315
225 State Highway 30 W, New Albany, MS for Sale
$3,732,273 USD
Drug Store - FOR SALE
1/2
null | 6.6% Cap Rate

225 State Highway 30 W
New Albany, MS 38652


HIGHLIGHTS

  • Positioned at the corner of the signalized intersection of Highway 30 West (9,900 VPD) and the on-ramp to Interstate 22 (26,000 VPD)
  • 1.1 MSF of retail, 2.4 MSF of industrial, 344 hotel room and 330 multifamily units within a 3-mile radius
  • Roughly equidistant between Memphis, TN and Nashville, TN.

OVERVIEW

CBRE is pleased to exclusively offer for sale the 14,411-square-foot Walgreens situated on 1.82 acres in New Albany, MS - the county seat of Union County, MS (population: 28,198). The site is subject to a ±14.2-year absolute NNN lease with a 5% rent increase every 5 years throughout the term and in each of the twelve 5-year renewal options.

FOR SALE DETAILS

PRICE

$3,732,273 USD

PRICE/SF

$259 USD /SF

CAP RATE

6.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens: New Albany, MS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

53

LAND DETAILS

LAND ACRES

1.82 AC

LAND SF

79,279 SF

ZONING

-

APN/PARCEL ID

018N-06-032.00

ASK ABOUT THIS PROPERTY

Thomas CarrCBREMore Info
703-477-1315

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

Thomas CarrCBREMore Info
703-477-1315

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