High-Performing Walgreens | $9.87M in Reported Store Sales
2310 Clay Street Vicksburg, MS 39183
PROPERTY DETAIL Tenant: Walgreens NOI: $160,736.90 Rent-to-Sales Ratio: 1.63% Building Area: ±11,060 SF Land Area: ±2.11 Acres
STRONG STORE SALES– $9,871,109 in recently reported annual sales, demonstrating strong historical store performance.
EXCEPTIONALLY LOW 1.63% RENT-TO-SALES RATIO– Current annual rent of just $160,737.
BRAND-NEW ROOF (2024)– New TPO roofing system, accompanied by a 20-year transferable warranty, substantially reducing landlord capital expenditure exposure.
RENT INCREASES IN EACH RENEWAL OPTION– A rare feature for Walgreens leases! Contractual rental growth throughout each of the six, 5-year renewal options.
LARGE ±2.11-ACRE SIGNALIZED HARD CORNER– Excellent visibility, multiple points of ingress/egress, ample parking, and an ±11,060 SF building with a drive-thru.
LONG OPERATING HISTORY & TENANT INVESTMENT– Operating as a drugstore since 1998. Walgreens reportedly invested approximately $300,000 converting the form er Rite Aid into its Walgreens format, demonstrating historical commitment to the location.