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

951 Main St., Leakesville, MS 39451

PROPERTY INFORMATION

Price:
$1,336,111
Cap Rate:
9.25%
Term Remaining:
6 Years
Year Built:
2012
Status:
Available

INVESTMENT HIGHLIGHTS

  • Fred’s Super Dollar & Pharmacy Net Lease Offering
  • Minimal Landlord Responsibilities
  • Recent Build-to-Suit Offered at a Low Price Per SF (< $80 PSF)
  • Priced Below Construction Replacement Cost
  • Low Rent to Sales Ratio ( Only 3.9% )
  • Fred’s has 650+ Locations in the Southeast
  • Rare Lease Language Requires Tenant Report Store Sales Volume
  • This Location Does More Than $3.4M Annually in Sales

INVESTMENT SUMMARY

Fortis Net Lease is pleased to present a Fred’s Super Dollar located at 951 Main Street in Leakesville, MS. 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, Piggly Wiggly, Family Dollar and Badcock Home Furniture. The subject property is located on Main Street just outside of downtown Leakesville and the ten mile population exceeds 8,000 residents. The median home value within three miles exceeds $104,000 and the average household income exceeds $57,000.