Gina Low - Commercial Real Estate Showcase

Gina Low Property Listings
V.P. Net Lease Investment Group
Bull Realty Inc.
50 Glenlake Pky NE
Suite 600
Atlanta, GA 30328-3486
(404) 876-1640
(404) 876-7073

1509 W Broad Street - Fred's

Monticello, MS 39654-3659

(1.6 MB)

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1998
Building Size:16,405 SF Land Area:2.25 AC (98,010 SF)
For Sale Price:$858,000 Price/SF:$52.30
Cap Rate:-

Sale Notes:
This successful and established Fred’s, located in Monticello, MS, is offered at an 8.4% cap rate. Since 1999 this retail store has served an important role in providing convenience shopping and a full service pharmacy to Lawrence County as most other pharmacies are nearly 20 miles away. The lease term was extended two years ago and goes through 7/23 with 3 five year renewal options with rent increases in each option period.

Fred’s, publically traded on the NASDAQ, is headquartered in Memphis, TN. They have over 700 stores in 15 states and plan to continue expansion and earnings growth under the helm of newly appointed CEO, Michael Bloom, the former President and CEO of Family Dollar.
- Annual income of $71,768
- Cap rate of 8.4%
- Lease thru 7/23 with 3 five year options
- 16,405 sf store on large, 2.25 acre parcel
- NN lease with landlord responsible for roof, structure and grounds
- Successful discount retailer in same location since 1999 carrying a wide array of consumer goods, groceries and electronics
- Full service pharmacy in area of limited pharmacies
- Corporate guaranteed lease by Fred’s Inc.
- Planned interior remodeling demonstrating corporate commitment to the store

Bull Realty Inc.
Gina Low
(404) 876-1640

Nancy L Miller
(404) 876-1640 x118

Share this listing

Copy and paste this HTML into your blog or web page:
<a href="" target="_blank">1509 W Broad Street - Fred's, Monticello, MS - Commercial property</a>

Send Email
Add a personalized message: (Optional)
Copyright © 1997-2016 CoStar Realty Information, Inc. All rights reserved.  |  About SHOWCASE.COM |  Advertise |  Site Map