CVS Pharmacy Gulfport, MS

11022 Highway 49
Gulfport, MS

Price: $2,859,000
Cap Rate: 6.30%
NOI: $179,520
Building Size: Approx. 10,908 Sq. Ft.
Lot Size: Approx. 1.74 Acres
Type: Single-Tenant / Retail
Sub Category: Retailer
Year Built: 1999

Investment Overview

  • 1999 Construction. 10,908+/- SF Building on 1.74+/- Acre Site
  • 7 Years Remaining On Absolute NNN Lease with 5% Rental Increases Every 5 Years in Primary Term & Option Periods, Plus (4), 5-Year Options To Renew
  • Strategically Located Along Highway 49 (45,809+ VPD), One of Gulfport’s Primary Commercial Corridors, Providing Excellent Visibility
  • Positioned in High-Traffic Corridor Anchored by National Retailers Including Walmart, Lowe’s, McDonald’s, Chick-fil-A, and Much More
  • Directly Adjacent to Singing River Gulfport Hospital (130 beds & 1,000+ staff), Driving Consistent Daily Traffic from Hospital Staff, Patients, & Visitors
  • CVS Pharmacy is One of the Largest Retail Pharmacy Chains in the U.S with over 9,028 Locations & $400B in Revenue
  • Gulfport | 2nd Largest City in Mississippi & Key Economic Engine for the Mississippi Gulf Coast | MSA Population: 416,000+

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