Fred’s Pharmacy

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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S&P Rating: N/R
Moody Rating: N/R

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


  • Publically Traded Company
  • Footprint allows for adaptive reuse
  • Typically Long term leases with increases


  • 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 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

S&P Rating: N/R
S&P Rating: N/R

Fred’s Pharmacy Stock Keys

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