380 W Woodrow Wilson Ave - Drug Store FOR SALE


Jackson, MS 39213- North Jackson
$1,900,000 USD
707-328-2780
380 W Woodrow Wilson Ave, Jackson, MS for Sale
$1,900,000 USD
Drug Store - FOR SALE
1/5
null | 7.63% Cap Rate

380 W Woodrow Wilson Ave
Jackson, MS 39213
North Jackson


HIGHLIGHTS

  • Corner lot, next to large medical facility, close to downtown Jackson, has additional pad for future development

OVERVIEW

The original store was a Rite Aid building built in 1999. Then in 2018, Walgreens bought the lease from Rite Aid. They closed the store down and it went dark for several months in 2023.. However, they sub-leased it to Dollar General in September 2023 and there are 5 years left on the NN lease that expires 2/2029.. Landlord responsible for roof and structure. New roof membrane installed in 2019. Seller looking to do a 1031 Exchange in the $2.2m to $2.4m range with a cap of 7.5%+. Additional pad for future development, extra large lot at over 2 acres.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$172 USD /SF

CAP RATE

7.63%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding, Supermarket, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

2.11 AC

LAND SF

91,912 SF

ZONING

commercial

APN/PARCEL ID

0402-0001-004

ASK ABOUT THIS PROPERTY

Steve VailVail and AssociatesMore Info
707-328-2780

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Steve VailVail and AssociatesMore Info
707-328-2780

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