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

1693 Highway 90, Gautier, MS 39553

PROPERTY INFORMATION

Price:
$1,685,079
Cap Rate:
9.0%
Term Remaining:
6 Years
Year Built:
2011
Status:
Available

INVESTMENT HIGHLIGHTS

  • Fred’s Super Dollar & Pharmacy Net Lease Offering
  • Minimal Landlord Responsibilities
  • Drive-Thru Pharmacy Pickup Lane
  • Recent Build-to-Suit at Low Price Per SF
  • Low Rent to Sales Ratio (Only +64.4%)
  • Fred’s has 650+ Locations in the Southeast
  • Additional Income from Cell Tower Lease of $6,000 Annually
  • Rare Lease Language Requires Tenant Issue Annual Sales Reports
  • This Location Does More Than $3.79M In Annual Sales

INVESTMENT SUMMARY

Fortis Net Lease is pleased to present a Fred’s Super Dollar located at 1693 Highway 90 in Gautier, MS. This twelve year NN lease has minimal landlord responsibilities and approximately 6.8 years remaining on the initial term. The lease will expire on September 30, 2023.

This investment property is surrounded by many national retailers such as: Dollar General, Hardee’s, Walgreens, Lowe’s, McDonald’s, Wendy’s, Pizza Hut, Goodwill, Belk and Dollar Tree. The subject property is close to Mississippi Golf Coast Community College (~ 10,000 Students) and the ten mile population exceeds 86,000 residents. The median home value within five miles exceeds $120,000 and the average household income within ten miles exceeds $57,000.