Eupora, MS - Sale Leaseback Opportunity

Eupora_Street

    List Price

    $1,630,000
    Fred's

    Retail
    Eupora, MS
    For Sale
    15,171 SF
    2.09 Acres

    Highlights

    - New 15 Year True Triple Net Lease, upon sale closing

    - NOI: $109,989

    - No Landlord Responsibilities

    - Three (3), Five (5) Year Options With Increases at Each

    - This Fred' s Store Features a Fully Operational Pharmacy

    - Strong Location within Eupora Market

    - Quality Brick Construction & All Concrete Parking Lot

    Description

    Hilco Real Estate is pleased to announce the investment sale of a freestanding, net leased retail building in Eupora, MS. The investment property (15,171± SF) is occupied by Fred’s Pharmacy, who is prepared to sign a new 15-year lease. Fred's Pharmacy has been in operation in this location for 40+ years, and in this market since the 1950's. Due to the location’s strong performance, Fred’s Inc. is looking to sign a corporate guarantee and continue to commit to this market for the long term.

    Strategically located in the heart of downtown Eupora, this property serves both the local market as well as the surrounding 25 mile radius. Multiple retailers are present in this market, including McDonald’s, Piggly Wiggly, Regions Bank, Sonic Drive-In, SuperValu and Walgreens.

    Fred’s Inc, established in 1947, is a value-focused retailer and pharmacy. Headquartered in Memphis, TN, Fred’s Inc. operates 601 general merchandise and pharmacy stores, offering over 12,000 frequently purchased items that address the everyday needs of its customers and patients.

     

    Contact Broker

    Ed Beck
    (P) - (847) 313-4753
    (E) - ebeck@hilcoglobal.com

    Joel Schneider
    (P) - (847) 418-2723
    (E) - jschneider@hilcoglobal.com