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915 Highway 49 S
Richland, MS 39218

CVS · Retail Property For Sale

Drug Stores Mississippi Richland 915 Highway 49 S, Richland, MS 39218

Investment Highlights

  • Absolute NNN Lease | Zero Landlord Responsibilities
  • Heavy Traffic Counts | 50,000+ Vehicles Per Day on US Highway 49
  • Large 2.05 ACRE Lot with a Drive-Thru Pharmacy
  • Corporate Guarantee from a Credit Rated Tenant | NYSE Standard & Poor’s BBB+
  • Long Term Lease | 11+ Years Remaining on the Lease
  • Seller to provide Buyer a full credit of three years rent at closing to compensate for the Rent Holiday

Executive Summary

CBRE is pleased to present a CVS for sale located at 915 Hwy 49. The 11,895 Square Foot Building on 2.05 Acres with a Drive Thru Pharmacy benefits from being strategically located on Highway 49, which sees over 50,000 cars per day.The property is close to several retailers and large residential communities with over 11,847 people residing in a 3-Mile Radius. The property is perfect for a principal looking for a passive investment with a long term, Absolute NNN Lease with a Corporate Guarantee from a Credit Tenant.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,895 SF
Year Built
2008
Price
$3,905,611
Price Per SF
$328
Cap Rate
9%
NOI
$351,505
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
2.05 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Parking
52 Spaces (4.37 Spaces per 1,000 SF Leased)

PROPERTY TAXES

Parcel Number D06P-000014-00010 Improvements Assessment $0
Land Assessment $0 Total Assessment $359,418

PROPERTY TAXES

Parcel Number
D06P-000014-00010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$359,418
 

  • Listing ID: 33870771

  • Date on Market: 11/14/2024

  • Last Updated:

  • Address: 915 Highway 49 S, Richland, MS 39218

More public record information on 915 Highway 49 S, Richland, MS 39218

The Retail Property at 915 Highway 49 S, Richland, MS 39218 is currently available for sale. Contact CBRE for more information.

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