Fred’s Super Dollar
PRICE
CAP RATE
SQUARE FOOTAGE
LEASE TERM

CONTACT US REGARDING THIS LISTING

Robert Bender

Managing Partner

Douglas Passon

Managing Partner

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PROPERTY ADDRESS

200 Hospital Dr., Cherokee Village, AR 72529

PROPERTY INFORMATION

Price:
$1,325,266
Cap Rate:
9.25%
Term Remaining:
6 Years
Year Built:
2011
Status:
Available

INVESTMENT HIGHLIGHTS

  • Fred’s Super Dollar & Pharmacy Net Lease Offering
  • Rare Drive-Thru Pharmacy Pickup Lane
  • Minimal Landlord Responsibilities
  • Recent Build-to-Suit at Low Price Per SF
  • Low Rent to Sales Ratio (Only 3.60%)
  • Fred’s has 650+ Locations in the Southeast
  • Rare Lease Language Requires Tenant Report Annual Sales Figures
  • This Location Does an Exception $3.7M In Annual Store Sales

INVESTMENT SUMMARY

Fortis Net Lease is pleased to present a Fred’s Super Dollar located at 200 Hospital Drive in Cherokee Village, AR. This twelve year NN lease has minimal landlord responsibilities and approximately seven years remaining on the initial term. The lease will expire on December 31, 2023.

This investment property is surrounded by many national retailers such as: Dollar General, Walmart, H&R Block, O’Reilly Auto Parts, Pizza Hut and Sonic Drive-in. The subject property is less than 3 miles From Walmart, O’Reilly Auto Parts and Dollar General. The ten mile population exceeds 11,000 residents and the median home value exceeds $89,000. The average household income within three miles exceeds $44,000.