Overview

Description

CVS Health Corp: Investment Grade Credit Tenant (S&P: BBB) | Largest Pharmacy in the U.S.

Over 9 Years Remaining on Lease Term | Long-Term Passive Income Stream | Absolute NNN Lease

Real Estate Advantage | Hard Corner Signalized Intersection of Meadowbrook Rd & N. State St/SR-51 | Outparcel to Meadowbrook Shopping Center, Anchored by Piggly Wiggly

Proximity to Several Major Medical Centers | Near University of Mississippi Medical Center | One of the States Largest Employers | Supports Tenant’s Success

Located Along Major Retail/Commuter Corridor | Strong Retail Synergy | Just 2 Miles from Interstate 55 | Completed Improvements In 2020 to N. State St/SR-51

Located in City of Jackson | Capital City of Mississippi | Most Populated City in the State | Over 1 Million People Visit Downtown Every Year | New Development

Location

Lee & Associates, listed in conjunction with Mississippi real estate broker Bang Realty-Mississippi, Inc., is pleased to exclusively offer for sale the opportunity to acquire the fee simple interest in a CVS Pharmacy investment property located in Jackson, Mississippi (the “Property”). Constructed in 2008 as a build-to-suit for CVS, the Property consists of a 12,012-square-foot retail building with drive thru lane situated on a 1.54-acre parcel.

CVS Health Corp, the largest pharmacy chain in the U.S. with over 9,700 locations and $372.8 billion in annual revenue, is backed by investment-grade credit (S&P: BBB) and ranks #6 on the Fortune 500. This property offers a highly desirable absolute NNN lease with over nine years remaining, providing a truly passive, long-term income stream. The lease includes zero landlord responsibilities and a unique three-year rent holiday beginning in year 23 of the original lease term—making it a compelling, low-maintenance investment opportunity anchored by a national, creditworthy tenant.

Strategically located at a signalized hard corner on N. State St/SR-51 and Meadowbrook Rd in Jackson, MS, the site boasts strong visibility and benefits from multiple access points. It sits directly across from the Meadowbrook Shopping Center and is surrounded by major healthcare institutions like the University of Mississippi Medical Center and Baptist Medical Center—supporting steady customer traffic.

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