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450 W Front Street, Evergreen, AL

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DetailMap
450 W Front Street

Evergreen, AL 36401-3279

(151.9 KB)

Property Type:Retail Sub Type:- Status:Existing Year Built:1998
Building Size:14,000 SF Land Area:.3 AC (13,247 SF)
For Sale Price:$789,900 Price/SF:$56.42
Cap Rate:9.45 %


Highlights:
- Priced at $800,000
- 9.45% CAP rate
- 4 years reamining on a five (5) year option extension
- Low price point investment
- Corporate Guaranty
- Attractive 1031 Exchange

Description:
Partners Realty is pleased to offer for sale a Fred's Retail Store located at 450 Elm Street in Evergreen, Alabama. The store is 14,000 sf and built in 1998. A new 5 year option extension was executed in Feb. 2013, leaving 4 years remaining on the current option. The lease is NN, with the landlord responsible for roof and parking lot. There is another 5 year option included in the original lease. The property is offered at $800,000 representing a 9.45% Cap rate.
Fred's, Inc. (NASDAQ: FRED) is a regional chain of discount retail stores, operating in the southeastern US. Fred's operates 679 company-owned discount general merchandise stores. The company was founded in 1947 and is headquartered in Memphis, Tennessee.

Sale Notes:
Highlights:
- Priced at $789,900
- 9.45% CAP rate
- 4 years reamining on a five (5) year option extension
- Low price point investment
- Corporate Guaranty
- Attractive 1031 Exchange

Description:
Partners Realty is pleased to offer for sale a Fred's Retail Store located at 450 Elm Street in Evergreen, Alabama. The store is 14,000 sf and built in 1998. A new 5 year option extension was executed in Feb. 2013, leaving 4 years remaining on the current option. The lease is NN, with the landlord responsible for roof and parking lot. There is another 5 year option included in the original lease. The property is offered at $800,000 representing a 9.45% Cap rate.
Fred's, Inc. (NASDAQ: FRED) is a regional chain of discount retail stores, operating in the southeastern US. Fred's operates 679 company-owned discount general merchandise stores. The company was founded in 1947 and is headquartered in Memphis, Tennessee.

Partners Realty
Reg Mantooth
(334) 277-1077




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