|Price Range 12mo avg:||$600K – $2.5M|
|$/sf 12mo avg:||$89.23|
|CAP Rate 12mo avg:||8.63%|
|Lease Terms:||15yrs NN|
|Building Size avg:||16,200 SF|
|Lot Size avg:||2+/- acres|
Tracing its history back to an original store in Coldwater, Mississippi, opened in 1947, today fred’s is headquartered in Memphis, Tennessee, and operates over 700 discount general merchandise stores, including 20 franchised fred’s stores, mainly across the southeastern states. With a unique store format and strategy that combines the best elements of a discount dollar store, drug store and mass merchant, fred’s stores stock more than 12,000 frequently purchased items that address the everyday needs of its customers. This merchandise includes nationally recognized brand name products, proprietary fred’s label products, and lower-priced, off-brand products.
The company has two distribution centers, one in Memphis, Tennessee, and Dublin, Georgia. fred’s Inc. also owns and operates two additional retail chains. Getwell Drug & Dollar is a convenient pharmacy destination, with 5 locations across Alabama, Tennessee, Georgia and Mississippi that offer an expanded over-the-counter medication selection.
|S&P Credit Rating:||N/A+|
|Moody’s Credit Rating:||N/A1|
|Annual Revenue 2014:||$1.94B|
|Annual Revenue 2013:||$1.96B|
|Revenue Growth:||↓ 1.02% from 2013|
|Units (Jan. 2015)||680|
|Average Units Volume:||$2.85M|