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.
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
| Parcel Number | 22-03-05-0-001-029.007 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $136,580 |
