3800 Market St - Drug Store FOR SALE
Pascagoula, MS 39567 |
3800 Market St
Pascagoula, MS 39567
HIGHLIGHTS
- STABLE INCOME - Rental income guaranteed by Walgreens corporate (S&P BBB-) investment grade Fortune 500 Company with over 9,200 locations.
- 20 YR HISTORY & EXERCISED OPTION - Walgreens has 20 yrs. at this location and recently exercised an option making the term remaining 9.75 yrs.
- LOCATED ON HWY 90 - Located along Hwy. 90, the main thoroughfare through Pascagoula, main retail corridor with a traffic count of ±36,300.
- LIMITED COMPETITION & ONLY WALGREENS IN TOWN - Only Walgreens in Pascagoula and located across CVS making this a strategic market share location.
- STRONG MEDICAL PRESENCE – 435 BED HOSPITAL - Located ±1.3 miles from several medical offices and clinics including Singing River Hospital.
- ROBUST EMPLOYMENT BASE - There are several large employers in the immediate surrounding area including Chevron Refinery and Ingalls Shipping.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Walgreens Mississippi $4M 7 CAP 9.75 Yrs
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Convenience Store, Freestanding, Storefront
TOTAL BUILDING SIZE
15120
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
67
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
4-17-02-759.025
