This Retail Property is no longer advertised on LoopNet.com.
3800 Market St
Pascagoula, MS 39567
Walgreens Mississippi $4M 7 CAP 9.75 Yrs · Retail Property For Sale
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INVESTMENT HIGHLIGHTS
- STABLE INCOME - Rental income guaranteed by Walgreens corporate (S&P BBB-) investment grade Fortune 500 Company with over 9,200 locations.
- LOCATED ON HWY 90 - Located along Hwy. 90, the main thoroughfare through Pascagoula, main retail corridor with a traffic count of ±36,300.
- STRONG MEDICAL PRESENCE – 435 BED HOSPITAL - Located ±1.3 miles from several medical offices and clinics including Singing River Hospital.
- 20 YR HISTORY & EXERCISED OPTION - Walgreens has 20 yrs. at this location and recently exercised an option making the term remaining 9.75 yrs.
- LIMITED COMPETITION & ONLY WALGREENS IN TOWN - Only Walgreens in Pascagoula and located across CVS making this a strategic market share location.
- ROBUST EMPLOYMENT BASE - There are several large employers in the immediate surrounding area including Chevron Refinery and Ingalls Shipping.
PROPERTY FACTS
Property Type
Retail
Property Subtype
- Drug Store
- General Retail Convenience Store
- General Retail Freestanding
- General Retail Storefront
Building Size
15,120 SF
Building Class
C
Year Built
2000
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
1.18 AC
Parking
67 Spaces (4.43 Spaces per 1,000 SF Leased)
Frontage
254 FT on Market St
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
LINKS
PROPERTY TAXES
Parcel Number | 4-17-02-759.025 | Improvements Assessment | $5,301 |
Land Assessment | $0 | Total Assessment | $5,301 |
Listing ID: 20612154
Date on Market: 8/12/2020
Last Updated:
Address: 3800 Market St, Pascagoula, MS 39567
The Retail Property at 3800 Market St, Pascagoula, MS 39567 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.