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Dairy Queen | 20-Year ABS NNN Lease | Top Per 1840 Lee Ave SW 3,925 SF Retail Building Cullman, AL 35055 $2,957,000 ($753.38/SF) 5.75% Cap Rate
Investment Highlights
- Top Performing, Drive-Thru Dairy Queen (Financials available upon request)
- Fee Simple Interest: Land & Building Ownership | 3,466 SF Building situated on large 1.42 Acre Parcel
- Relocation to Superior Positioning in Trade Area | Proven Operations & Loyal Customer Base
- 20-Yeaar Absolute NNN Lease with favorable rental increases
- Regional Trade Area | Walmart (3M Annual Visitors Placer.AI) | Lowes (943k Annual Visitors according to Placer.AI)
- SMDG LLC | Top Performing Multi-unit & Multi-brand franchisee in Alabama
Executive Summary
Faris Lee Investments is pleased to present the rare opportunity to acquire the fee simple interest in a Dairy Queen secured by a new 20-year absolute NNN lease with zero landlord responsibilities and 10% rental increases every five years. Ranked among the top 11% of Dairy Queen locations nationwide (Placer.ai), the property is positioned within Cullman’s premier regional retail corridor, anchored by a top-performing Walmart (3.0M annual visitors; Top 11% nationwide), Lowe’s (934K annual visitors; Top 7% nationwide), and Townsquare Shopping Center (1.6M annual visitors), drawing consumers from a 20-mile regional trade area.
The investment includes a 3,466-square-foot drive-thru restaurant situated on a large 1.42-acre parcel with excellent visibility and access from Interstate 65, connecting Birmingham and Huntsville. Cullman County has grown 7% since 2020 and 18.4% since 2010—approximately 2.7 times faster than the U.S. average—and is supported by a diversified economy anchored by more than 150 manufacturers, over 7,000 manufacturing jobs, and Walmart’s recently announced $350 million expansion of its 1.3-million-square-foot distribution center.
The offering is an ideal opportunity to acquire a trophy corporate net lease investment in one of the Southeast’s strongest growth markets.
The investment includes a 3,466-square-foot drive-thru restaurant situated on a large 1.42-acre parcel with excellent visibility and access from Interstate 65, connecting Birmingham and Huntsville. Cullman County has grown 7% since 2020 and 18.4% since 2010—approximately 2.7 times faster than the U.S. average—and is supported by a diversified economy anchored by more than 150 manufacturers, over 7,000 manufacturing jobs, and Walmart’s recently announced $350 million expansion of its 1.3-million-square-foot distribution center.
The offering is an ideal opportunity to acquire a trophy corporate net lease investment in one of the Southeast’s strongest growth markets.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,925 SF
Building Class
C
Year Built
2015
Price
$2,957,000
Price Per SF
$753.38
Cap Rate
5.75%
NOI
$170,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.42 AC
Opportunity Zone
Yes
Parking
56 Spaces (14.27 Spaces per 1,000 SF Leased)
Frontage
344’ on Lee Avenue Southwest
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 17-05-22-3-001-002.007 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $226,600 |
Property Taxes
Parcel Number
17-05-22-3-001-002.007
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$226,600
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