Published on: Monday, May 5, 2025
Updated on: Monday, May 5, 2025
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About the Lister
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Name: Ryan Bennett
Company: NNN Investment Group
Office Phone: 760-448-2449
Cell Phone: 760-519-0240
Provide Your Service
Financing  Business  Material
  CVS
305 Meadowbrook Rd Jackson Mississippi , 39206
305 Meadowbrook Rd Jackson Mississippi                                                                                         , 39206  NNN Investment Group
Listing ID: CL-Mississippi-14980

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 9
Net Operating Income: $413,258.00
Commission Split (%): 0
Quick Glance
Listing ID: CL-Mississippi-14980
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: 100%
Year Build: 2008
Building Size: N/A SqFt
Lot Size: 1.54 Acre
No of Stories: 1
No of Parking: 66
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: Yes
Property On Ground Lease: No
Building Status: Existing
Listing Summary
Lee & Associates, listed in conjunction with Mississippi real estate broker Bang Realty-Mississippi, Inc., is pleased to exclusively offer for sale the opportunity to acquire the fee simple interest in a CVS Pharmacy investment property located in Jackson, Mississippi.
Complete Details
Year Build: 2008
Building Size: N/A SqFt.
No of Stories: 1
Total Lot Area: 1.54 Acre
No of Parking: 66
No of Total Units: 1
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: B
Property on Ground Lease?: No
Net Lease Investment?: Yes
Business Price Included?: No
Roofing: Not Specified
Occupancy: 100%
Full Description

Lee & Associates, listed in conjunction with Mississippi real estate broker Bang Realty-Mississippi, Inc., is pleased to exclusively offer for sale the opportunity to acquire the fee simple interest in a CVS Pharmacy investment property located in Jackson, Mississippi (the “Property”). Constructed in 2008 as a build-to-suit for CVS, the Property consists of a 12,012-square-foot retail building with drive thru lane situated on a 1.54-acre parcel.

CVS Health Corp, the largest pharmacy chain in the U.S. with over 9,700 locations and $372.8 billion in annual revenue, is backed by investment-grade credit (S&P: BBB) and ranks #6 on the Fortune 500. This property offers a highly desirable absolute NNN lease with over nine years remaining, providing a truly passive, long-term income stream. The lease includes zero landlord responsibilities and a unique three-year rent holiday beginning in year 23 of the original lease term—making it a compelling, low-maintenance investment opportunity anchored by a national, creditworthy tenant.

Strategically located at a signalized hard corner on N. State St/SR-51 and Meadowbrook Rd in Jackson, MS, the site boasts strong visibility and benefits from multiple access points. It sits directly across from the Meadowbrook Shopping Center and is surrounded by major healthcare institutions like the University of Mississippi Medical Center and Baptist Medical Center—supporting steady customer traffic.

Additional Properties
Property Highlights
  • CVS Health Corp: Investment Grade Credit Tenant (S&P: BBB) | Largest Pharmacy in the U.S.
  • Over 9 Years Remaining on Lease Term | Long-Term Passive Income Stream | Absolute NNN Lease
  • Real Estate Advantage | Hard Corner Signalized Intersection of Meadowbrook Rd & N. State St/SR-51 | Outparcel to Meadowbrook Shopping Center, Anchored by Piggly Wiggly
  • Proximity to Several Major Medical Centers | Near University of Mississippi Medical Center | One of the States Largest Employers | Supports Tenant’s Success
  • Located Along Major Retail/Commuter Corridor | Strong Retail Synergy | Just 2 Miles from Interstate 55 | Completed Improvements In 2020 to N. State St/SR-51
  • Located in City of Jackson | Capital City of Mississippi | Most Populated City in the State | Over 1 Million People Visit Downtown Every Year | New Development
Actual - Cash Flow
Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2025
$0.00
$0.00
$0.00
$413,258.00
$0.00
0%
Cash Flow for Current Listings
Listing Location
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3230 West Lane , Stockton California                                                                                           95204
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1485 North Dysart Road , Avondale Arizona                                                                                              85323
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1950 S. Reynolds Road , Toledo Ohio                                                                                                 43614
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1390 S Jefferson St, , Monticello Florida                                                                                              32344