Community Auto Repair 302 5th Ave SW 4,500 SF Retail Building Cullman, AL 35055 $900,000 ($200/SF) 7% Cap Rate

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.