fred’s Super Dollar

Average Sale and Lease Details

Price Range 12mo avg: $799K – $2.37M
$/sf 12mo avg: $73
CAP Rate 12mo avg: 8.90%
NOI average: $111,758
Lease Terms: 15yrs
Typical Lease Type: NN
Building Size avg: 16,232 SF
Lot Size avg: 2.40+/- acres

About fred’s Super Dollar

Fred’s, Inc. and its subsidiaries (“Fred’s”, “We”, “Our”, “Us” or “Company”) was founded in 1947 and operates 641 company-owned stores, including 60 express stores (or “Xpress” stores), as of January 30, 2016 in fifteen states primarily in the southeastern United States. In addition to the company-owned stores, there were 18 franchised stores operating under the Fred’s name, four of which have pharmacy departments. Fred’s stores generally serve low, middle and fixed incomefamilies located in small- to medium-sized towns. There we re 372 full-service pharmacies, which are included in the company-owned and Xpress stores. Included in the pharmacy counts are one retail pharmacy and two specialty pharmacy only locations we acquired on April 10, 2015 when we purchased 100% of the equity interests in Reeves-Sain Drug Store, Inc. The Company is headquartered in Memphis, Tennessee.

Fred’s stores stock over 12,000 items which address the everyday needs of its customers, including nationally recognized brand name products, proprietary “Fred’s” label products and lower priced off-brand products. Fred’s management believes its customers shop Fred’s stores as a result of their convenient locations, consumer friendly sizes, consistent availability of products at everyday low prices, pharmacy department and healthcare services, regularly advertised departmental promotions and seasonal specials. Fred’s company-owned, full-service stores had an average selling space of 14,802 square feet and had average sales of $3,033,000 in fiscal 2015.

The Company utilizes a 52 – 53 week accounting period which ends on the Saturday closest to January 31. Fiscal years 2015, 2014 and 2013, as used herein, refer to the years ended January 30, 2016, January 31, 2015 and February 1, 2014, respectively. Fiscal years 2015, 2014 and 2013 each had 52 weeks.



Annual Reports

fred’s Super Dollar Financial Highlights

S&P Credit Rating: N/A+
Moody’s Credit Rating: N/A1
Annual Revenue 2015: $2.15B
Annual Revenue 2014: $1.97B
Revenue Growth: 8.77 2014
Net Income $-7371M
Units (Jan. 2016) 658
Average Units Volume: $3.26M

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