- Fred’s Super Dollar & Pharmacy Net Lease Offering
- Drive-Thru Pharmacy Pick Up Lane
- Minimal Landlord Responsibilities
- Recent Build-to-Suit at Low Price Per SF
- Low Rent to Sales Ratio (Only 4.7%)
- Fred’s has 650+ Locations in the Southeast
- Rare Lease Language Requires Tenant To Report Sales Volume
- This Location Does More Than $3.08M In Annual Sales
Fortis Net Lease is pleased to present a Fred’s Super Dollar located at 800 N. Cross Street in Albany, KY. This twelve year NN lease has minimal landlord responsibilities and approximately six years remaining on the initial term. The lease will expire on October 31, 2022.
This investment property is surrounded by many national retailers such as: McDonald’s, Sonic Drive-in, Family Dollar, IGA, Save a Lot, Advance Auto Parts and Burger King. The subject property is across from McDonald’s, Advance Auto Parts and Family Dollar. The ten mile population exceeds 15,000 residents and has a 1.36 percent projected growth rate within 3 miles by 2020. The median home value within three miles exceeds $77,000 and the average household income within ten miles exceeds $43,000.