Freds Retail Store

450 Elm Street Evergreen, AL 36401

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Priced Reduced!

 Partners Realty is pleased to offer for sale a Fred's Retail Store located at 450 Elm Street in Evergreen, Alabama. The store is 14,000 sf and built in 1998. The Fred's property has a pharmacy. A new 5 year option extension was executed in Feb. 2013, leaving 3 years remaining on the current option. The lease is NN, with the landlord responsible for roof and parking lot. Parking lot has just been resealed and striped. There is another 5 year option included in the original lease. The property is offered at $789,000 representing a 9.45% Cap rate.

Fred's, Inc. (NASDAQ: FRED) is a regional chain of discount retail stores, operating in the southeastern US. Fred's operates 679 company-owned discount general merchandise stores. The company was founded in 1947 and is headquartered in Memphis, Tennessee.
Total Building Size: 14000 SF Total Lot Size: 2 Acres
Price: $789,000.00
  • Type: Retail
  • County: Conecuh
  • Address: 450 Elm Street
  • City: Evergreen
  • State: AL
  • ZIP: 36401
  • Status: Off Market


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Rod McIntyre