Property details
Commercial Property Lease, Southeast Region
Property Description
• Commercial Property Lease to Fred's
• Low Maintenance Lease
• Great Concept with Solid Tenant
• Great Commercial Property Location and Visability
• Good CAM supplement in Lease
• Good rate of return on commercial investment
A 18,000 SQF free standing textured block building. Fred's is a booming retail concept in the Southeast, more information on Fred's online at Fredsinc.com. NASDAQ symbol is FRED. Sits on approx 2 acres. Annual rent is 490,000 plus $1,800 CAM. Landlord is responsible for exterior of building, taxes and insurance (base year taxes & insurance, tenant is responsible for increases). This property has very little landlord responsibilities and maintenance. Excellent signage, parking and landscaping.
Images
Highlights
- Status:
- Available
- Price:
- $1,019,000
- PSF:
- $57
- Cap Rate:
- 8.20%
- Annual Rent:
- $90,000
- Rent Increases:
- with first Option
Property Information
- Building Size:
- 18,000 sq.ft.
- Property Type:
- Net Lease
- Industry Type:
- Retail
- Units/Spaces:
- 1
- Land Area:
- 2.00 acres
- Purchase Tenure:
- Fee Simple
Lease information
- Tenant:
- Fred's
- Lease Type:
- NN
- Lease Commencement:
- 3/1/2005
- Lease Expiration:
- 3/1/2015
- Lease Term:
- 10 years
- Years Remaining:
- 7 years
- Landlord Responsibilities:
- Outside
- Options:
- 3 5year Option
Existing financing information
- N/A
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.