Jackson, MS - CVS

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding CVS Pharmacy investment property located in Jackson, Mississippi. The tenant, CVS Pharmacy has approximately 10 years remaining on their current lease with 10 (5-year) options to extend, demonstrating their commitment to the site. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

The property is located near the signalized, hard corner intersection of Meadowbrook Rd and U.S. Highway 51 with a combined 37,000 vehicles passing by daily.
U.S Highway 51, is a major retail thoroughfare serving the city of Jackson. The CVS Pharmacy is positioned adjacent to Meadowbrook Center, a 183,000 square foot shopping center that also features national/credit tenants including Piggly Wiggly, Dollar Tree, and City Gear pads. Additionally, the asset is located near Northwood Shopping Center, a 60,000 square foot shopping center that is anchored by Family Dollar and Rainbow Shops. Furthermore, the site is situated a few miles west of Highland Village Shopping Center, a 230,000 square foot center anchored by Whole Foods Market and Maison Weiss. The property is in the center of a primary retail corridor with other nearby national/credit tenants including Kroger, Corner Market, Petco, Krystal, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 97,300 with an average household income of $73,176.