Fred’s Pharmacy | Memphis, TN

Sands Investment Group is pleased to present this net lease store located in Memphis, Tennessee.

  • ~6 Years Remain on Initial Lease Term
  • Corporate Guarantee by Fred’s Inc. (NASDAQ: FRED)
  • Build-to-Suit Constructed in 2012
  • Strong Demographics – Over 180,000 Residents Within a 5-Mile Radius
  • Three Schools Within 3-Miles of the Subject
  • Traffic Counts of 33,240 VPD Along Winchester Road
  • Extremely Well Located, Nearby Tenants Include: McDonald’s, Baskin Robbins, Chick-fil-A, Denny’s, IHOP, Jiffy Lube, Circle K, Krystal and Walgreens
  • Within Walking Distance of 2,320 Multi-Family Units – 95% Average Occupancy

In Cooperation with Sands Investment Group Tennessee, LLC – Lic # 263973

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Dollar General

 

  • Corporate Guaranty from Investment Grade Tenant
  • NNN Lease – Minimal Landlord Responsibilities
  • Three (3) – Five (5) Year Options
  • 15% Increase at Each Option
  • Ideal Exchange Property
  • Long History of Success at Location
  • Low Price Point – $63.61/PSF
  • S&P Rated BBB-