5705 Highway 278
Sulligent, AL 35586
Fred's: Sulligent, AL · Retail Property For Sale

• Premier Drug Store 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. also owns and operates one additional retail chain. Getwell Drug & Dollar is a convenient pharmacy destination, with 5 locations across Alabama, Tennessee, Georgia and Mississippi that offers an expanded over-the-counter medication selection, individualized patient care, and more than 1,700 $1 items. • Net Lease: 12-year lease with ±5.5 years of primary term remaining with minimal landlord responsibilities and 5% rent increases in each of the three 5-year renewal options. Though its pharmacy will remain open, the Sulligent location’s retail operations will discontinue in the upcoming weeks. The Tenant is still responsible for paying full rent and maintaining the building for the remainder of the initial term. • Excellent Access/Visibility: The site is strategically located with excellent access and visibility along US-278 (Traffic Count: 4,530 VPD), which is the area’s primary thoroughfare and provides direct access to the Mississippi state line.