302 5th Ave SW - Auto Repair FOR SALE


Cullman, AL 35055
$900,000 USD
972-616-4720
302 5th Ave SW, Cullman, AL for Sale
$900,000 USD
Auto Repair - FOR SALE
1/4
null | 7% Cap Rate

302 5th Ave SW
Cullman, AL 35055


HIGHLIGHTS

  • New 15-Year Lease
  • Absolute NNN
  • Attractive Rent Increases
  • Functional Building
  • High Traffic Location

OVERVIEW

Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee simple interest in the Community Auto Repair asset located at 302 5th Ave SW in Cullman, AL (the “Property”).  The property is an established auto repair business with strong sales. The Property is a 4,500 square foot freestanding auto repair shop, complete with four service bays on a 0.50-acre parcel of land. Community Auto Repair will commence a 15-year absolute NNN lease with no Landlord responsibilities upon close of escrow. The brand-new lease features 2% rental increases annually during the base lease term and at the beginning of each of the four (4), five (5) year renewal option periods.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$200 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Community Auto Repair

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

-

APN/PARCEL ID

17-05-15-2-036-002.000

ASK ABOUT THIS PROPERTY

Christopher AdamsNorthmarqMore Info
972-616-4720

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Christopher AdamsNorthmarqMore Info
972-616-4720

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.