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247 Wesley Ave N
Cullman, AL 35058
Family Dollar · Retail Property For Sale
Investment Highlights
- 2023 build to suit Family Dollar
- Corporately guaranteed lease
- The subject property comes with a 20-year roof warranty
- ±8.5 years remaining on an initial 10-year lease
- Rent increases of $5,250 ($0.50 / SF) in all five, 5-year options
Executive Summary
BROKER OF RECORD
HUTT COOKE
LIC # 000168807-0 (AL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
HUTT COOKE
LIC # 000168807-0 (AL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
10,500 SF
Year Built
2023
Price
$1,542,188
Price Per SF
$146.88
Cap Rate
8%
NOI
$123,375
Percent Leased
100%
Building Height
1 Story
Building FAR
0.24
Lot Size
1.00 AC
Property Taxes
| Parcel Number | 11-04-18-0-001-033.001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,900 |
Property Taxes
Parcel Number
11-04-18-0-001-033.001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,900
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