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Drug Store

NNN Walgreens | Top Ranked Location for Visits Within a 15-Mile Radius

220 MS-12, Starkville, MS 39759

Listing Price: $3,329,000

Cap Rate
7.75%
Tenant Name
Walgreens
Years Remaining On Lease
7.1
Guarantor
Corporate Guarantee
Rentable SF
14,490
Lease Type
Absolute Net
Rent Per Square Feet
$17.81

Investment Overview

This NNN Walgreens lease has seven years of term remaining with 10, five-year renewal options, ensuring a stable long-term investment. Walgreens has operated at this location since 2002, with the lease corporately guaranteed by Walgreens Co. The store is the top-ranked Walgreens within a 15-mile radius based on visit volume. Strategically situated at a high-traffic intersection, the property benefits from excellent visibility and its proximity to Mississippi State University, local schools, and popular retail hubs like Starkville Crossing, which is the top ranked shopping center within a 15-mile radius. The area has experienced over 8.76 percent population growth from 2010-2020, supporting a strong and growing daytime population.

Investment Highlights

  • Absolute Triple-Net (NNN) Lease with a Corporate Guarantee and Seven Years of Term Remaining
  • One Mile from Mississippi State University Campus which Serves 23,150 Students
  • Long Operating History | Walgreens has been Operating at this Location Since 2002 Showing Commitment to the Site. Very Limited Competition in the Trade Area
  • Top-Ranked Walgreens Location by Visits Within a 15-Mile Radius (per placer.ai)
  • Located at a Signalized Hard-Corner Intersection of Mississippi 12 and Louisville St with 34,400 VPD (vehicles per day).

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Financing By

Drug Store

NNN Walgreens | Top Ranked Location for Visits Within a 15-Mile Radius

Listing Price: $3,329,000

Cap Rate
7.75%
Tenant Name
Walgreens
Years Remaining On Lease
7.1
Guarantor
Corporate Guarantee
Rentable SF
14,490
Lease Type
Absolute Net
Rent Per Square Feet
$17.81

Investment Highlights

  • Absolute Triple-Net (NNN) Lease with a Corporate Guarantee and Seven Years of Term Remaining
  • One Mile from Mississippi State University Campus which Serves 23,150 Students
  • Long Operating History | Walgreens has been Operating at this Location Since 2002 Showing Commitment to the Site. Very Limited Competition in the Trade Area
  • Top-Ranked Walgreens Location by Visits Within a 15-Mile Radius (per placer.ai)
  • Located at a Signalized Hard-Corner Intersection of Mississippi 12 and Louisville St with 34,400 VPD (vehicles per day).

Investment Overview

This NNN Walgreens lease has seven years of term remaining with 10, five-year renewal options, ensuring a stable long-term investment. Walgreens has operated at this location since 2002, with the lease corporately guaranteed by Walgreens Co. The store is the top-ranked Walgreens within a 15-mile radius based on visit volume. Strategically situated at a high-traffic intersection, the property benefits from excellent visibility and its proximity to Mississippi State University, local schools, and popular retail hubs like Starkville Crossing, which is the top ranked shopping center within a 15-mile radius. The area has experienced over 8.76 percent population growth from 2010-2020, supporting a strong and growing daytime population.

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

Financing By

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