31 Megan Ln - Freestanding FOR SALE


Cullman, AL 35057
$800,000 USD
248-702-0288
31 Megan Ln, Cullman, AL for Sale
$800,000 USD
Freestanding - FOR SALE
1/1
null | 7.94% Cap Rate

31 Megan Ln
Cullman, AL 35057


HIGHLIGHTS

  • Corporate Guaranteed Lease – Dollar General (NYSE: DG), a recession-resistant, essential retailer.
  • Strong In-Place Cash Flow – Tenant paying $5,290/month plus $270 CAM, ensuring consistent income.
  • Long-Term Stability – 3.5 years remaining on the lease with five (5-year) renewal options.
  • Built-In Rent Growth – 10% rental increases in each option period, driving long-term value.
  • Minimal Landlord Responsibilities – NN lease structure, limiting operational oversight.
  • Prime Location – Situated in Cullman, AL, a growing market with strong consumer demand and retail presence.

OVERVIEW

Corporate Guaranteed Lease – Dollar General (NYSE: DG), a recession-resistant, essential retailer. Strong In-Place Cash Flow – Tenant paying $5,290/month plus $270 CAM, ensuring consistent income. Long-Term Stability – 3.5 years remaining on the lease with five (5-year) renewal options. Built-In Rent Growth – 10% rental increases in each option period, driving long-term value. Minimal Landlord Responsibilities – NN lease structure, limiting operational oversight. Prime Location – Situated in Cullman, AL, a growing market with strong consumer demand and retail presence. High Visibility & Accessibility – Well-positioned along a high-traffic corridor, ensuring consistent customer flow.

FOR SALE DETAILS

PRICE

$800,000 USD

PRICE/SF

$85 USD /SF

CAP RATE

7.94%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

-

APN/PARCEL ID

22-03-05-0-001-029.007

ASK ABOUT THIS PROPERTY

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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