1693 90 Hwy
Gautier, MS 39553
Retail Property For Sale

Investment Highlights: *Fred's has 650+ locations in the SE and will be acquiring 865 Rite Aids *6.8 years of base lease term remaining *Located 6 miles directly along Highway 90 from Ingalls Shipbuilding - the largest manufacturing employer in Mississippi and a major regional economic driver. Situated on 800 acres and employing 11,000, Ingalls is the largest supplier of U.S. Navy surface combatants and has built nearly 70% of the U.S. Navy's fleet of warships. *Recently constructed build-to-suit at low price per SF ($103.11 PSF) *Low rent-to-sales ratio *Rental increases in option periods *Additional recurring revenue from Cell Tower lease on property at $6,000 annually *Property is available individually or as a part of a Portfolio (See below and inquire for additional details) Investment Overview: Ten-X is pleased to present the opportunity to acquire the NN leased Fred's Super Dollar store located in Gautier, MS. Fred's has 6.8 years remaining on a 12 year base lease term, followed by 3, 5-year options. The Property includes a 5-year Cell Tower lease at $6,000 annually, followed by 7, 5 year renewal options with 5% rental increases in each o The Property includes a 5-year Cell Tower lease at $6,000 annually, followed by 7, 5 year renewal options with 5% rental increases in each option. It is located along the Major Michael Green Memorial Highway, approximately 0.75 miles from Mississippi Gulf Coast Community College. Fred's is a strong regional operator, with 650+ discount general merchandise stores in 15 states, including 372 retail pharmacy locations, and has entered into an agreement to purchase 865 Rite Aids. Also Available: Fred's 200 Hospital Dr, Cherokee Village, AR $1,624,788 Fred's 800 Cross St, Albany, KY $1,756,679 Fred's 2511 Ingalls Ave, Pascagoula, MS $1,957,333 Fred's 509 Highway 589, Purvis, MS $1,646,739 Fred's 951 Main St, Leakesville, MS $1,636,764