• NEW 2016 CONSTRUCTION | 9.5+/- YEARS REMAINING • ATTRACTIVE UPGRADED CONSTRUCTION | 4-SIDED BRICK • EQUIPPED WITH DRIVE THROUGH PHARMACY • METRO ATLANTA LOCATION | 60,000 5-MILE POPULATION • THRIVING SUBURB OF ATLANTA | 102% GROWTH SINCE 2000 (5-MILE) • LOCATED ON HIGHWAY 155 | 19,200 VPD • WITHIN 1-MILE OF NEW $80M SCHOOL DEVELOPMENT | OPENING 2019 • FRED'S OPERATES 628+ LOCATIONS • COMPANYWIDE SALES OF $2.1+/- BILLION
The subject property is a new construction Fred's Pharmacy store located on Highway 155 (S. Zach Hinton Parkway) just south of its intersection with Racetrack Road in McDonough, GA, a thriving suburb of Atlanta. The store, which features an attractive 4-side brick exterior, was built in 2016 and is equipped with a drive-thru pharmacy. Fred's benefits from the 60,000+ residents in a 5-mile radius and the excellent visibility and exposure to Highway 155 which boasts an average daily traffic count of 19,200. The subject property is only about 3/4 mile south of the brand new $80+/- million dollar development for the new McDonough Middle and High School cluster opening in 2019.
Fred's is signed to a 12-year lease that will not expire until May 31, 2028. Tenant has 3, 5-year renewal options thereafter, each accompanied by a 5% rental increase. Tenant contributes a monthly amount for Common Area Maintenance, and they reimburse Landlord for taxes and insurance.
Tracing its history back to an original store in Coldwater, Mississippi, opened in 1947, today Fred’s Pharmacy is headquartered in Memphis, Tennessee, and operates 628 pharmacy and general merchandise stores and three specialty pharmacy-only locations. With a unique store format and strategy that combines the best elements of a healthcare-focused drug store with a value-focused retailer, Fred’s Pharmacy stores offer more than 12,000 frequently purchased items that address the healthcare and everyday needs of its customers and patients. This includes nationally recognized brands, proprietary Fred’s Pharmacy label products, and a full range of value-priced selections. The company has two distribution centers, one in Memphis, Tennessee, and Dublin, Georgia.