Getwell Drug and Dollar Pharmacy

Property Description

Getwell (Fred’s) Offering Memo (New) – Leland MS – 8 13 2013

Single tenant build to suit investment offering for Getwell Drug and Dollar, a new prototype store from by Fred’s, Inc.  Fred’s is a publicly traded company NASDAQ ticker: FRED.  The tenant is Fred’s Stores of Tennessee, Inc. which is owned by Fred’s Inc.  The concept is a dollar store and pharmacy.  The investment offers a 12 year initial lease term with three 5 year options to renew at a 5% rental increase each renewal period.  Fred’s takes pride in their historical high rate of lease renewals and operates over 700 stores across the Southeastern United States.

General Info

Category: Recent/Closed Projects

Type:

Price: $1,179,009

Address: 302 North Main Street, Leland, Mississippi 38756

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