CVS Pharmacy

305 Meadowbrook Road, Jackson, MS 39206

$5,000,000

Cap Rate 8.27%

Views: 74 DOM: 7 Updated: 09.11.24 Posted: 09.11.24 Status: Active

Summary

Price $5,000,000	Built/Renov 2008	Tenant CVS Pharmacy
Cap Rate 8.27%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 12,012	Lease Start 08-01-2024	#Units 9,395
Price/SF $416.25	Expiration 07-31-2034	Tenant Type Pharmacy
NOI $413,258	R. Term 9.10	Ownership Fee Simple
Rent/SF $34.40	Increases 0.0%/0/yrs	Pop 5Mi 97,358
Lot/AC 1.54	Options 10/5yrs	AHHI 5Mi $73,176

Lease Highlights

Brand new 10-year lease with 10 (5-year) options to extend
Absolute NNN lease | Zero landlord responsibilities
Corporate guarantee (NYSE: CVS)
Investment grade tenant (S&P: BBB)

Location Description

CVS Pharmacy is strategically located at the signalized, hard corner intersection of Meadowbrook Road and U.S. Highway 51, a major retail thoroughfare with access to a combined daily traffic count of 37,000 vehicles. The property is adjacent to Meadowbrook Center, which features prominent national tenants such as Piggly Wiggly and Dollar Tree. Additionally, it is close to Northwood Shopping...

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Key Features

Signalized intersection
Dense retail corridor
Near major nationals
Highway location
Top 100 MSA
Brand new lease
Absolute NNN
Long 10+ yr lease
Traded and rated company
Investment grade tenant

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Links

CVS Pharmacy Wikipedia CVS Pharmacy Wikipedia Jackson, Mississippi Zip Code 39206 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: CVS Pharmacy
Guarantor:Corp T and Rated
Company:CVS Health Corporation
# Units:9,395
Tenant S&P: BBB
Moody’s: Baa2
Stock: NYSE: CVS

About Tenant

CVS Pharmacy, Inc. is an American retail corporation and is the largest pharmacy chain in the United States by number of locations and total prescription revenue. CVS sells prescription drugs and...

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Listing Broker

Matthew Mousavi

SRS National Net Lease Group

Contact

347 Listings
31454 Views
131 Sold

Patrick Luther

SRS National Net Lease Group

Contact

398 Listings
34735 Views
160 Sold

Matthew Mousavi

Matthew is the managing principal and co-founder of the SRS National Net Lease Group, based in Newport Beach, California. SRS’ is the exclusive net lease investment advisory platform across more than 25 offices nationally. SRS is the largest retail estate firm in North America exclusively focused on retail services, of which Matthew is a member of the board. The firm has a track record spanning over 30 years and billions in transaction volume, and represents over 400 retailers throughout the co

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Patrick Luther

Patrick joined SRS in 2016 with more than 10 years of transactional brokerage experience in the commercial real estate industry and over $1 billion in closed transactions, representing over 300 individual properties. Along with Matthew Mousavi, Patrick co-founded and leads the National Net Lease Group at SRS, the exclusive net lease capital markets platform within SRS, comprised of more than 75 professionals handling all net lease transactions for the firm nationally. He focuses on all types of

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