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23473576
23473585

305 Meadowbrook Rd, Jackson, MS 39206

23473585
23473576
23473574
23473577
23473579
23473580
23473581
RB
Ryan Bennett PRO
CA CA 01826517
Lee & Associates San Diego - Carlsbad
DO
Drew Olson PRO
CA CA 02049653
Lee & Associates San Diego - Carlsbad
Listed by Lee & Associates San Diego - Carlsbad
$4,592,000
397 days on market
Updated 50 days ago
Opportunity zone

CVS Pharmacy | Long-Term Abs-NNN Lease

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 12,012
Cap Rate 9.00%
NOI $413,258
Occupancy 100%
Tenancy Single
Brand/Tenant CVS Pharmacy
Lease Type Absolute NNN
Remaining Term 9
Lease Options (10)- 5-Year
Price per SqFt $382
Broker Co-Op Yes
Year Built 2008
Acreage 1.540
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Ground Lease No
Ownership Fee Simple
Sale Condition 1031 exchange

Retail | 9.00% CAP | 12,012 SqFt

Marketing description

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.

Investment highlights

  • 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

Listing Contacts

RB
Ryan Bennett PRO
CA CA 01826517
Lee & Associates San Diego - Carlsbad
DO
Drew Olson PRO
CA CA 02049653
Lee & Associates San Diego - Carlsbad
Listed by Lee & Associates San Diego - Carlsbad

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$413,258.00
$34,438.17/mo

Valuation Metrics

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DSCR
9%
Cap Rate
9%
ROI

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Zoning

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C-3 CommercialGeneral CommercialGeneral Commercial
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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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  1. For Sale
  2. Retail
  3. MS
  4. Jackson
  5. CVS Pharmacy | Long-Term Abs-NNN Lease
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