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

2511 Ingalls Ave., Pascagoula, MS 39567

PROPERTY INFORMATION

Price:
$1,674,678
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
  • Very Low Price Per SF
  • Pharmacy Offer Drive-Thru Pick Up Lane
  • Low Rent to Sales Ratio (Only 4.0%)
  • Fred’s has 650+ Locations in the Southeast
  • Rare Lease Language Requires Tenant To Report Location Sales
  • This Location Has More Than $4.0M in Annual Store Sales

INVESTMENT SUMMARY

Fortis Net Lease is pleased to present a Fred’s Super Dollar located at 2511 Ingalls Avenue in Pascagoula, MS. This twelve year NN lease has minimal landlord responsibilities and over six years remaining on the initial term. The lease will expire on August 31, 2023.

This investment property is surrounded by many national retailers such as : Dollar General, AutoZone, Sherwin Williams, Hardee’s, CVS, Walgreens, Lowe’s, Taco Bell, McDonald’s and Family Dollar. The subject property is less Than 3 Miles From Walmart, Office Depot, Planet Fitness & Lowe’s and the ten mile population exceeds 58,000 residents. The median home value within ten miles exceeds $95,000 and the average household in-come exceeds $50,000.