301 American AveBooneville, MS 38829

Property Details for 301 American Ave

Year built

2010

Lot size

1.98 AC

Property size (Sq ft)

14,889 SF

Property type

Retail properties

Property subtype

Drug stores

Description

This exceptional investment opportunity presents a 14,889-square-foot CVS Pharmacy in Booneville, Mississippi, on a 1.975-acre lot. The property boasts a strong 6.50% cap rate and a substantial net operating income (NOI) of $193,230. The absolute NNN lease with a credit-rated tenant, CVS Pharmacy, provides significant security and minimal landlord responsibilities. With over 11.2 years remaining on the primary lease term (expiring January 31, 2036), and ten 5-year renewal options, this investment offers long-term stability. Built in 2010, the property enjoys a prime location on American Ave, a high-traffic area (11,000 vehicles per day), surrounded by national retailers like Walmart, Tractor Supply Company, and McDonald's. Its proximity to Northeast Mississippi Community College (3,400 students) further enhances its appeal. Limited competition within the area adds to the investment's strength. The property's price per square foot is $199.66, reflecting a compelling value proposition. This is a rare opportunity to acquire a well-established, high-performing CVS Pharmacy investment with significant long-term potential. The property features a drive-thru for added convenience.

Location Insight

City

Booneville

County

Prentiss

State

Mississippi

Latitude

34.6762

Longitude

-88.5598

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].