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27301031
27301032

247 Wesley Ave N, Cullman, AL 35058

HC
AL AL 000168807 - 0, TN TN 263667 (+1)
Matthews
Listed by Matthews
$1,542,188
242 days on market
Updated 73 days ago

Family Dollar | Cullman, AL | 8% Cap Rate

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 10,500
Cap Rate 8%
NOI $123,375
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree (+1)
Lease Type NN+
Lease Term 10
Lease Expiration 01/31/2034
Remaining Term 7.7
Rent Bumps Yes
Lease Options Five, 5-Year Options
Year Built 2023
Buildings 1
Stories 1
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 01/27/2024
Ownership Fee Simple

Average household income of $88,898

Investment highlights

LEASE AND LOCATION:

  • 2023 build to suit Family Dollar

  • ±8.5 years remaining on an initial 10-year lease

  • Corporately guaranteed lease

  • Rent increases of $5,250 ($0.50 / SF) in all five, 5-year options

  • The subject property comes with a 20-year roof warranty

  • Average household income of $88,898 annually within a 10-mile radius


TENANT HIGHLIGHTS

  • Family Dollar, a major national discount retailer with more than 8,000 stores across 48 states, has been acquired for roughly $1 billion by Brigade Capital Management, Macellum Capital Management, and Arkhouse Management Co.

  • Now operating as an independent company, Family Dollar benefits from both fresh capital and significant retail expertise. This backing is expected to accelerate store upgrades and drive operational improvements. With its proven value-focused model and strong presence in local communities, Family Dollar continues to serve as a resilient anchor tenant, positioned for sustained growth in the years ahead.

Listing Contacts

HC
AL AL 000168807 - 0, TN TN 263667 (+1)
Matthews
Listed by Matthews

Valuation Calculator

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$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$123,375.00
$10,281.25/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

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Additional Information

Name
Hutt Cooke
License
000168807-0, 000110253 - 0 (AL)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
Name
Hutt Cooke
License
AL 000168807 - 0
Brokerage Phone
866-889-0550
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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