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.
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.
Quick Glance
- Listing ID:
CL-Mississippi-14980
- Status:
Active
- Year Build:
2008
- Building Size:
N/A
- Lot Size:
1.54 Acre