Walgreens - Olive Branch
Olive Branch, MS 38654-4471
Walgreens - Olive Branch, MS Logo Image
7030 Hacks Cross Rd
Olive Branch, MS 38654-4471
  • Asking Price: $5,982,000
  • Cap Rate: 5.75%
  • Lease Type: NNN
  • Status: Available
PROPERTY DETAILS:

Olive Branch Airport – 1 mile south of the Olive Branch Airport which averages 156 daily flights • Strong Store Sales – The site reports above average store sales indicating a healthy location for the company • Excellent Market Positioning – The site is ideally positioned at the intersection of Hacks Cross Rd. and MS-302 featuring combined traffic counts of 49,000 VPD. MS-302 is the primary east/west thoroughfare and connects to US Hwy 78 • Projected Population Growth – The population is projected to increase by 8% between 2017-2022 which should continue to support sales expansion at the store • Long Term NNN Lease – There are just under 14 years of term remaining on the absolute NNN lease with multiple 5 year-options • Investment Grade Credit Tenant – Walgreens (NASDAQ: WBA) has revenue of $118B and holds investment grade credit of BBB with S & P.