fred’s Pharmacy

Average Sale and Lease Details

Price Range 12mo avg: $1.8M – $2.4M
$/sf 12mo avg: $125
CAP Rate 12mo avg: 8%
NOI average: $167101
Lease Terms: 15yrs
Typical Lease Type: NN
Building Size avg: 16600 SF
Lot Size avg: 2.3+/- acres

About fred’s Pharmacy

Tracing its history back to an original store in Coldwater, Mississippi, opened in 1947, today fred’s Inc. is headquartered in Memphis, Tennessee, and operates 601 general merchandise and pharmacy stores, including 14 franchised locations, and three specialty pharmacy-only locations.

With a unique store format and strategy that combines the best elements of a value-focused retailer with a healthcare-focused drug store, fred’s stores offer more than 12,000 frequently purchased items that address the everyday needs of its customers and patients. This includes nationally recognized brands, proprietary fred’s label products, and a full range of value-priced selections.

The Company has two distribution centers, one in Memphis, Tennessee, and Dublin, Georgia.

Additional Properties

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 offer an expanded over-the-counter medication selection, individualized patient care, and more than 1,700 $1 items.



Annual Reports

fred’s Pharmacy Financial Highlights

S&P Credit Rating: N/A+
Moody’s Credit Rating: N/A1
Annual Revenue 2016: $2.125B
Annual Revenue 2015: $2.150B
Revenue Growth: 1.18 2015
Net Income $-66531M
Units (Jan. 2017) 644
Average Units Volume: $3.3M

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KW Net Lease Advisors