1628 US 49, Magee, MS 39111

LEASE TERM: Walgreens has been at this location since 2007 and has 6+ years remaining on their primary lease followed by ten (10), 5-year renewal options. The Walgreens lease runs coterminous with the ground lease and is structured so the Walgreens renewal options’ rent increases keep pace with the ground lease renewal options’ increases, ensuring consistent revenue.

ZERO MANAGEMENT RESPONSIBILITIES: The Walgreens lease is absolute triple net and requires zero management responsibilities, making it an attractive investment for the passive real estate investor.

CORPORATE LEASE: The lease is guaranteed by Walgreens corporate, a trusted, global innovator in retail pharmacy with approximately 8,500 locations across the U.S. and Puerto Rico. In August 2025, the company was acquired by Sycamore Partners. The private equity firm paid $10 Billion for the company.

STRATEGIC RETAIL LOCATION: Walgreens is situated at the signalized intersection of 11th Avenue SW and US Highway 49, the area’s primary commercial and commuter corridor. Walgreens benefits from outstanding visibility and frontage with two points of access and is across the Street from Walmart Supercenter. Walgreens is surrounded by national and local retailers and restaurants, is 1 mile from Magee General Hospital, and is close to the area’s public schools, all of which drive traffic to the area and provide a built-in customer base. The Property is convenient to Magee’s residential neighborhoods and the area’s primary roads (MS Routes 28, 149, 541 and 545, offering connectivity to the broader region.

RURAL OPPORTUNITY ZONE: Walgreens is located in a Rural Opportunity Zone, which can offer federal tax incentives to encourage long-term investment in economically distressed areas. Designated at the census tract level, these zones provide benefits for Qualified Opportunity Fund investments, including potential tax deferrals and, for holding periods over 10 years, elimination of taxes on capital gains. Contact the listing agent for more details.

RETAIL TRADE AREA: Additional national retailers drawing traffic to the trade area include Walmart Supercenter, Piggly Wiggly, Tractor Supply Co, Bealls, Hibbett Sports, Aaron’s, AutoZone, O’Reilly Auto Parts, Napa, Dollar Tree, Dollar General, McDonald’s, Burger King, Wendy’s, Taco Bell, KFC, Popeyes, Sonic, Dairy Queen Grill & Chill, Huddle House, Waffle House, Krystal, Salsas, Subway, Pizza hut, Little Caesars, Circle K, Murphy USA, and Love’s Travel Stop.

TRAFFIC COUNTS: More than 23,300 vehicles per day pass by the Property at the signalized intersection of US Highway 49 and 11th Avenue SW.

STRONG DEMOGRAPHICS: More than 8,400 people live within 5-miles of the Property with an average household income of $84,281. More than 18,900+ people live within 10-miles of the Property with an average household income of $86,637.