1840 Lee Ave SW - Restaurant FOR SALE


Cullman, AL 35055
$2,957,000 USD
949-633-2538
1840 Lee Ave SW, Cullman, AL for Sale
$2,957,000 USD
Restaurant - FOR SALE
1/6
null | 5.75% Cap Rate

1840 Lee Ave SW
Cullman, AL 35055


HIGHLIGHTS

  • Top Performing, Drive-Thru Dairy Queen (Financials available upon request)
  • 20-Year Absolute NNN Lease with favorable rental increases
  • Fee Simple Interest: Land & Building Ownership | 3,466 SF Building situated on large 1.42 Acre Parcel
  • Regional Trade Area | Walmart (3M Annual Visitors Placer.AI) | Lowes (943k Annual Visitors according to Placer.AI)
  • Relocation to Superior Positioning in Trade Area | Proven Operations & Loyal Customer Base
  • SMDG LLC | Top Performing Multi-unit & Multi-brand franchisee in Alabama

OVERVIEW

ALABAMA BROKER OF RECORD ... SPENCER AKIN ... License No. 000083270-0 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.

FOR SALE DETAILS

PRICE

$2,957,000 USD

PRICE/SF

$753 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dairy Queen | 20-Year ABS NNN Lease | Top Per

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

56

LAND DETAILS

LAND ACRES

1.42 AC

LAND SF

61,819 SF

ZONING

-

APN/PARCEL ID

17-05-22-3-001-002.007

ASK ABOUT THIS PROPERTY

Hunter SteffienFaris Lee InvestmentsMore Info
949-633-2538

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Hunter SteffienFaris Lee InvestmentsMore Info
949-633-2538

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.