348 Us-90Waveland, MS 39576

For Sale
$10,073,000
High-Yield Retail Investment, 87,239 SF

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional portfolio comprises four Walgreens properties strategically located across four states: Mississippi, California, Connecticut, and Pennsylvania. The portfolio totals 87,239 square feet and boasts a 100% occupancy rate, generating a strong net operating income (NOI) of $844,975, representing an attractive 8.39% cap rate. Each property operates under an absolute NNN lease, minimizing landlord responsibilities and ensuring consistent cash flow. The asking price is $10,073,000, translating to a price per square foot of $115.46. The portfolio's diverse geographic locations and strong tenant—a national pharmacy chain—offer significant investment stability and potential for long-term growth. Individual property details include: a 15.97-acre lot in Waveland, Mississippi (348 US-90, 39576)

Highlights

  • Four Walgreens properties in four different states.
  • Excellent 1031 exchange opportunity with high leverage potential.
  • Suitable for 1031 exchange and long-term estate planning.
  • Triple-net (NNN) leases; no landlord responsibilities.

Property Details for 348 Us-90

Property type
Retail properties, Drug stores
Square Feet
87,239 SF
Lot Size (sq. ft)
695,653 SF

Location Insight

City
Waveland
County
Hancock
State
Mississippi
Latitude
30.3070394
Longitude
-89.3784768
348 Us-90, Waveland, Mississippi

FAQs

What type of property is this?
Retail property - High-Yield Retail Investment, 87,239 SF
Where is the retail property located?
The property is located at 348 Us-90 Waveland, MS.
What is the asking price?
The asking price for this property is $10,073,000.
What are key features of this property?
This property features: Four Walgreens properties in four different states.; Excellent 1031 exchange opportunity with high leverage potential.; Suitable for 1031 exchange and long-term estate planning.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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348 Us-90
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