For Sale
$6,500,000

6717 Al-157 Cullman, AL 35057

122,899 SF Flex/Warehouse, NNN Lease

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional investment opportunity presents a 122,899-square-foot industrial property in Cullman, Alabama. The property, a flex/warehouse space, sits on a 37.44-acre lot and boasts 120,000 square feet of net rentable area. Currently 100% occupied by General Dynamics, a globally recognized leader in imaging solutions, under a triple-net (NNN) lease, this asset offers significant long-term stability. The lease commenced June 14, 2007, and includes a five-year renewal option, extending the lease to June 13, 2027. The building, constructed in 1974 and renovated in 2018, features four stories with ceiling heights ranging from 18 to 25 feet. Ample parking is provided with 256 spaces. The property is zoned I-1 (Industrial) and benefits from a prime location in Cullman County, offering easy access to I-65, strategically positioned between Birmingham and Huntsville. The strong tenant history, coupled with the high-quality improvements and favorable lease terms, makes this a compelling investment opportunity with a current Net Operating Income (NOI) of $376,917.25 and an asking price of $6,500,000. The property is offered debt-free, further enhancing its appeal. This is a rare chance to acquire a well-located, high-performing industrial asset with a blue-chip tenant and a significant remaining lease term.

Highlights

  • 122,899 SF industrial flex/warehouse property in Cullman, AL on a 37.44-acre lot.
  • 100% occupied by General Dynamics under a triple-net (NNN) lease.
  • NNN lease with a five-year renewal option expiring June 13, 2027.
  • Strong potential for lease renewal with a creditworthy national tenant.
  • Debt-free offering.
  • $6,500,000 asking price with a current NOI of $376,917.25.

Property Details for 6717 Al-157

Property type
Warehouses, Industrial properties
Square Feet
122,899 SF
Year Built/Renovated
1974/2018
Stories
4
Lot Size (sq. ft)
1,630,886 SF

Location Insight

City
Cullman
County
Cullman
State
Alabama
Latitude
34.2090304
Longitude
-86.888769

FAQs

What type of property is this?
Warehouse - 122,899 SF Flex/Warehouse, NNN Lease
Where is the warehouse located?
The property is located at 6717 Al-157 Cullman, AL.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: 122,899 SF industrial flex/warehouse property in Cullman, AL on a 37.44-acre lot.; 100% occupied by General Dynamics under a triple-net (NNN) lease.; NNN lease with a five-year renewal option expiring June 13, 2027.
How can I contact the broker?
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6717 Al-157
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