302 5Th AveCullman, AL 35055

Property Details for 302 5Th Ave

Year built

1998

Lot size

0.50 AC

Property size (Sq ft)

4,500 SF

Property type

Office properties

Description

This exceptional investment opportunity presents a fee-simple interest in a 4,500 square foot, single-story auto repair shop located at 302 5th Ave SW, Cullman, Alabama. The property sits on a half-acre lot and boasts four service bays, ensuring ample operational capacity. A brand-new 15-year absolute NNN lease is in place with Community Auto Repair, eliminating landlord responsibilities. The lease features a 7% cap rate and includes annual 2% rent increases, providing a hedge against inflation and increasing yield over time. Built in 1998, this established business enjoys 100% occupancy and generates a $63,000 annual net operating income (NOI). The lease includes four, five-year renewal options, providing long-term stability and predictable cash flow. The asking price is $900,000, or $200 per square foot. This property is ideally situated in a high-traffic area, experiencing over 15,000 vehicles daily. The investment is structured as a fee simple ownership, offering a passive income stream with minimal management requirements. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term growth potential.

Location Insight

City

Cullman

County

Cullman

State

Alabama

Latitude

34.1732

Longitude

-86.8466

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