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305 Meadowbrook Road, Jackson, MS, 39206

CVS Pharmacy

$4,350,084

Key Information

Cap Rate
9.5%
Tot. SF
12,012
Lot Size
1.54 Acres
Year Built
2008
Term Remaining
± 8 Years
Type
Retail
Occupancy
100%
NOI
$413,258

Highlights

• Jackson, MS is the most populated city in all of Mississippi with over 233k population according to the 2025 US Census
• Directly east of the site, Prado Lofts recently broke ground on a $50 million, 215-unit Class A multifamily development, adding significant residential density to the surrounding area.
• ±8 years remaining on the base term of an Absolute NNN lease, with Ten 5-year extension options.
• Tenant has a three-year free rent period at the end of their initial lease term. Seller to credit 100% of the free rent period at close of escrow. Contact agent for details.
• Located approximately 2 miles from Baptist Medical Center (440 beds), St. Dominic Hospital (571 beds), and the University of Mississippi Medical Center (717 beds), generating potential prescription, healthcare, and convenience demand for CVS.
• CVS Health Corp: Investment Grade Credit Tenant (S&P: BBB)
• CVS Health reported $402.1 Billion in 2025 revenue, demonstrating a 7.85% increase from 2024.
• Largest Pharmacy Chain in the U.S. with roughly 9,135 locations
• Considered an essential retailer, CVS has maintained consistent operations and rent payments, including throughout the COVID-19 pandemic.

Photos

Location

Agents

Broker of Record

Phillip Carpenter

License # 8906, C-11708 (MS)
Carpenter Properties, Inc.
1437 Old Square Road, Suite 104 Jackson, MS 39211