• NEW 2017 CONSTRUCTION | 10.5+/- YEARS REMAINING •ATTRACTIVE UPGRADED CONSTRUCTION | NICHIHA SIDING • EQUIPPED WITH DRIVE THROUGH PHARMACY • WELL LOCATED BETWEEN CHARLOTTE, NC AND COLUMBIA, SC • FRED'S OPERATES 628+ LOCATIONS • COMPANYWIDE SALES OF $2.1+/- BILLION
The subject property is a new construction Fred's Pharmacy store located on Hampton Street (Hwy 601 VPD 7,700) in Kershaw, SC. The store, which features an attractive mansonry front with a 3-side Nichiha exterior, was built in 2017. Fred's benefits from the 8,319+ residents in a 5-mile radius and the excellent visibility and exposure to Highway 601 which boasts an average daily traffic count of 7,700 VPD. Fred's is signed to a 12-year lease that will not expire until September 2029.
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 601 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.