31 Megan Ln
Cullman, AL 35057
Dollar General · Retail Property For Sale

INVESTMENT HIGHLIGHTS

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

EXECUTIVE SUMMARY

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.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,386 SF
Building Class
C
Year Built
2007
Price
$800,000
Price Per SF
$85.23
Cap Rate
7.94%
NOI
$63,520
Tenancy
Single
Building Height
1 Story
Building FAR
0.72
Lot Size
0.30 AC

PROPERTY TAXES

  • Listing ID: 35009689

  • Date on Market: 3/4/2025

  • Last Updated:

  • Address: 31 Megan Ln, Cullman, AL 35057