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700 W Park Ave

Greenwood, MS 38930

$4,490,226

Convenience Store For Sale  •  14,820 Sq Ft

Property Details

  • Property Type Convenience Store
  • Total Building Size 14,820 Sq Ft
  • Lot Size 1.64 ac
  • Building Class A
  • Year Built 2007
  • Cap Rate 6.65 %
  • Tenancy Single
0 Transit Score
65 Walk Score

Description

The subject offering is a fee simple interest in an absolute NNN leased Walgreens. The lease expires in June of 2032 and calls for zero landlord obligations. The subject property is well situated on a major commercial thoroughfare, surrounded by major national retailers.

Greenwood is a city in and the county seat of Leflore County, Mississippi, located at the eastern edge of the Mississippi Delta, approximately 96 miles north of the state capital, Jackson, Mississippi, and 130 miles south of the riverport of Memphis, Tennessee. It was a center of cotton planter culture in the 19th century.

The population was 16,087 at the 2010 census. It is the principal city of the Greenwood Micropolitan Statistical Area. Greenwood developed at the confluence of the Tallahatchie and the Yalobusha rivers, which form the Yazoo River. Throughout the 1960s, Greenwood was the site of major protests and conflicts as African Americans worked to achieve racial integration, voter registration and access during the civil rights movement.

Highlights

Walgreens NNN Leased Offering
Zero Landlord Responsibilities
100% Fee Simple Interest
S&P Rated BBB Investment Grade Credit
Corporate Guaranty - NASDAQ: WBA
Well Situated in a Major Retail Trade Area
Cap Rate: 6.65 %

Major Tenants

Tenant SF Occupied Lease End Date
Walgreens 14,820 SF 6/30/2032
Jacob Abusharkh 925-231-1770 The Kase Group
Jacob Abusharkh 925-231-1770 The Kase Group