3445 Terry Rd Jackson, MS 39212

This exceptional investment opportunity presents a vacant 13,905-square-foot Walgreens building situated on a 1.91-acre lot in Jackson, Mississippi. The property, built in 1998, is a single-story structure offering significant value-add potential. Currently vacant, this NNN-leased property boasts a strong 9.00% cap rate and a substantial net operating income (NOI) of $226,861. The asking price is $2,520,677, translating to a price per square foot of $181.28. The property features a corporate guarantee from Walgreens, providing a high level of security for the investment. The lease expiration date is January 31, 2027, leaving approximately 2.2 years of remaining lease term. This presents an immediate opportunity to collect rent while developing redevelopment plans for this strategically located retail space. The property's location at 3445 Terry Rd, Jackson, MS 39212, within Hinds County, offers excellent visibility and accessibility. This is a rare chance to acquire a high-performing retail asset with significant upside potential in a growing market. The property is being offered for sale by owner.