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3800 Market St
Pascagoula, MS 39567

Walgreens Mississippi $4M 7 CAP 9.75 Yrs · Retail Property For Sale

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
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

PROPERTY TAXES

  • Listing ID: 20612154

  • Date on Market: 8/12/2020

  • Last Updated:

  • Address: 3800 Market St, Pascagoula, MS 39567