Walgreens

4028 Goodman Rd
Horn Lake, MS 38637

Marketing Materials

Overview

Jones Lang LaSalle is pleased to offer for sale the fee simple interest in a freestanding Walgreens that is situated as an outparcel to a Wal-Mart in Horn Lake, MS, located just 15 miles south of downtown Memphis, Tennessee. The Property is subject to an absolute triple net lease to Walgreens Boots Alliance, Inc., the global leader in pharmacy-led health and well-being retail. The Property is located on Goodman Rd. in Horn Lake that sees over 28,000 Vehicles per day with great visibility. The Property’s strong investment grade tenancy coupled with its outstanding location, makes this a tremendous investment opportunity.
  • Primary Broker

    Alex Sharrin - Net Lease Broker
    Alex Sharrin
    3122283197

  • Secondary Broker(s)

    Nicholas G. Kanich - Net Lease Broker
    Nicholas G. Kanich
    +1 312 228 2093

  • In-State Licensee

    Russell Westlake - Net Lease Broker
    Russell Westlake
    MS

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Investment Highlights
Outparcel to Wal-Mart with frontage to Goodman Rd
Ideal In-Place Lease Economics
Strong Surrounding New Residential and Retail Development Area
Investment Grade Tenancy (S&P: 'BBB')
General
Property Type Retail
Property Address 4028 Goodman Rd
Horn Lake, MS 38637
Land In Acres 2.03
Building Size 14,490 Square Feet
Primary Use Drug Store
Year Built 2001
Tenancy Single-Tenant
Financial
Price $4,041,000
Price PSF $278.88
Cap Rate 7.25%
Current NOI $293,000
Lease
Tenant Name Walgreens
Credit Rating (S&P) BBB
Lease Type NNN
Annual Rent $20
Rent Escalations None
Options 6, 5-year options
Lease Start Date 12/15/2001
Lease Expiration Date 12/31/2026
Remaining Term 8.5Yrs