FRED S SUPER DOLLAR 105 Memorial Parkway Aliceville, AL 35442 OFFERING MEMORANDUM
2 TABLE OF CONTENTS INVESTMENT OVERVIEW Property Overview Area Demographics Tenant Overview Location Overview 4 7 8 9 REPRESENTATIVE PHOTO
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15 PROPERTY OVERVIEW 105 Memorial Parkway Aliceville, AL 35442 NOI $45,274 Lease Structure NN Building SF +/-14,600 RPSF $3.83 Original Lease Term 7 Years Remaining Term 4 Years Renewal Options 1; 5 Year Parking +/- 35 Termination Options None FINANCIAL OVERVIEW INVESTMENT HIGHLIGHTS Less Than 1 Hour Outside of Tuscaloosa Aliceville is less than a one hour drive from Tuscaloosa, the home of the University of Alabama, which has over 37,600 students. Directly Across From Aliceville Top Employer Buchanan Lumber Company is a major supplier of hardwood products to various markets worldwide. Located in Main Retail Corridor Subject property sits on Memorial Parkway which is Aliceville s main street. 1 Mile Proximity to Aliceville Highschool and Aliceville Middle School Annual Fred s Rent $55,999.92 Total Income $55,999.92 Annual Property taxes $7,042.73 Annual Insurance 2,782.56 Annual Lot Maintentence $900 Total Annual Expenses $10,725.29 NOI $45,274 PAGE 4
16 PROPERTY PICTURES 105 Memorial Parkway Aliceville, AL 35442 PAGE 5
17 AREA MAP 105 Memorial Parkway Aliceville, AL 35442 PAGE 6
18 DEMOGRAPHICS MAP 105 Memorial Parkway Aliceville, AL 35442 POPULATION 5 Miles 10 Miles 15 Miles Total Population 1,354 5,474 11,536 Median Age 35.7 36.9 37.9 Median Age (male) 29.3 31.7 33.1 Median Age (Female) 38.8 39.6 40.3 HOUSEHOLDS & INCOME 5 Miles 10 Miles 15 Miles Total Households 489 2,031 4,286 # of Persons/HH 2.8 2.7 2.7 Average HH Income $36,677 $36,567 $36,078 Average House Value $127,358 $101,707 PAGE 7
TENANT OVERVIEW Fred s Inc. (NASDAQ: FRED, Fred s ) Tracing its history back to an original store in Coldwater, Mississippi, opened in 1947, today Fred s Inc. is headquartered in Memphis, Tennessee, and operates 601 general merchandise and pharmacy stores, including 14 franchised locations, and three specialty pharmacy-only locations. With a unique store format and strategy that combines the best elements of a value-focused retailer with a healthcare-focused drug store, Fred s stores offer more than 12,000 frequently purchased items that address the everyday needs of its customers and patients. This includes nationally recognized brands, proprietary Fred s label products, and a full range of value-priced selections. The Company has two distribution centers, one in Memphis, Tennessee, and Dublin, Georgia. Tenant Summary Tenant Name Fred s Super Dollar Founded 1947 Number of Locations 628 Total Revenue $2.13B Stock Ticker FRED Headquarters Memphis, Tennessee Website https://www.fredsinc.com/ PAGE 8
24 LOCATION OVERVIEW 105 Memorial Parkway Aliceville, AL Aliceville is a city in Pickens County, located just 36 miles west of Tuscaloosa. The town was incorporated in 1907 were it became famous for its World War II era prisoner camp, Camp Aliceville. Aliceville was the largest of 11 POW camps in the southeastern US. Today, Aliceville is home to the Aliceville POW Museum which holds a number of historical items from the POW and WWII and has become the largest town in Pickens County. PAGE 9
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