Fred’s Pharmacy
Baskersfield, CA

Fred’s, Inc., together with its subsidiaries, sells general merchandise through its retail discount stores and full service pharmacies. The company, through its stores, offers household cleaning supplies, health products, beauty and personal care products, disposable diapers, pet foods, paper products, various food and beverage products, and pharmaceuticals to low, middle, and fixed income families in small- to medium- sized towns. It also sells general merchandise to franchised Fred’s stores.
As of January 28, 2017, the company operated 628 retail stores, including 55 express stores and 3 specialty pharmacy-only locations; 362 pharmacies; 3 specialty pharmacy facilities; and 16 franchised stores in 15 states of the southeastern United States. Fred’s, Inc. was founded in 1947 and is headquartered in Memphis, Tennessee.
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Typical Lease Characteristics
Lease Term: 10 – 15 Years Years
Lease Type: Absolute NNN Lease
Lease Increases: 10% Every 5 years
Lease Extensions: 4-5 (5) Year Options
Lease Guarantor: Corporate and Franchise
Positives:
- Publically Traded Company
- Footprint allows for adaptive reuse
- Typically Long term leases with increases
Negatives:
- Currently Not Rated
- Tremendous competition in industry
- increased consolidation in industry
Market Snapshots:
On Market Ranges:
# of Properties in set: 10
Price: $1,343,960 - $1,672,800Average: $1,429,744
PPSF: $80 - $100Average: $86
Year Built: 1965 - 2018Average: 2000
CAP Rate Range: 6.93% - 8.81%Average: 8.16%
Size range: 13,000 sq ft - 18,405 sq ft Average: 16,257 sq ft
Last 12 Month Range:
# of Properties in set: 1
Price: N/AV - N/AVAverage: N/AV
PPSF: N/AV - N/AVAverage: $0
Year Built: 2012 - 2012Average: 2012
CAP Rate Range: 9.00% - 9.00%Average: 9.00%
Size range: 16,471 sq ft - 16,471 sq ft Average: 16,471 sq ft
Fred’s Pharmacy Similar Tenants
Fred’s Pharmacy Company Profile
Headquarters Information
Memphis, Tennessee
Founded in 1947
Company type: Public
Stock Ticker: FRED
Sector: Services
Industry: Discount, Variety Stores
# of Employees: 9,119
Fred’s Pharmacy Stock Keys
Title | 2017 | 2016 |
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