31 Megan Ln - Freestanding FOR SALE
Cullman, AL 35057 |
31 Megan Ln
Cullman, AL 35057
HIGHLIGHTS
- 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.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Dollar General
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
9386
STORIES
1
YEAR BUILT
2006
SPRINKLERS
-
PARKING SPACES
33
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
22-03-05-0-001-029.007
