31 Megan Ln - Freestanding FOR SALE


Cullman, AL 35057
$699,000 USD
727-550-7114
31 Megan Ln, Cullman, AL for Sale
$699,000 USD
Freestanding - FOR SALE
1/1
null | 9.08% Cap Rate

31 Megan Ln
Cullman, AL 35057


HIGHLIGHTS

  • Long-term Dollar General tenancy with five renewal options
  • Located just off I-65 between Birmingham and Huntsville

OVERVIEW

The property is offered at $699,000, delivering a 9.08% capitalization rate. The double net lease structure limits landlord responsibilities to roof, structure, and parking lot, while the tenant covers insurance, reimburses for real estate taxes, and contributes $270 monthly toward common area maintenance. This setup provides a low-touch investment with predictable cash flow and minimal management burden.

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$74 USD /SF

CAP RATE

9.08%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

-

APN/PARCEL ID

22-03-05-0-001-029.007

ASK ABOUT THIS PROPERTY

Daniel HurdMarcus & MillichapMore Info
727-550-7114

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Daniel HurdMarcus & MillichapMore Info
727-550-7114

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