509 N Main St
Tompkinsville, KY 42167
Fred's: Tompkinsville, KY · Retail Property For Sale

• National Dollar Brand: Fred’s (NASDAQ: FRED) operates discount general merchandise stores which offer pharmaceuticals, household goods, apparel and linens, food and tobacco products, health and beauty aids, and paper and cleaning products. Fred’s will soon operate 244 stores after it’s June announcement to shut down a total of 313 underperforming stores. Headquartered in Memphis, Tennessee, the company’s history traces back to 1947. As of Feb 2, 2019, Fred’s produced FY 2018 revenues of $1.3B. • Get Well Drug & Dollar: Fred’s Inc. owns and operates one additional retail chain. Getwell Drug & Dollar is a convenient pharmacy destination, with 5 locations across Alabama, Tennessee, Kentucky and Mississippi that offers an expanded over-the-counter medication selection, individualized patient care, and more than 1,700 $1 items. • Net Lease: Fred’s Getwell Drug & Dollar’s 12-year net lease has ±6.3 years of primary term remaining with minimal landlord responsibilities. The lease features three 5-year renewal option with a 5% rent increase in each option. • Excellent Access/Visibility: The property is ideally situated with excellent access and visibility on North Main Street (Traffic Count: 10,170 VPD) in Tompkinsville’s primary retail and commercial corridor.