6717 Al-157Cullman, AL 35057

Property Details for 6717 Al-157

Year built

1974

Lot size

37.44 AC

Property size (Sq ft)

122,899 SF

Property type

Warehouses

Property subtype

Industrial properties

Description

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.

Location Insight

City

Cullman

County

Cullman

State

Alabama

Latitude

34.209

Longitude

-86.8888

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