www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
34333189
34333190

1840 LEE AVE SW, CULLMAN, AL 35055-5265 For Sale

HS
CA 02036521
Faris Lee Investments
TS
CA CA 02059923
Faris Lee Investments
Listed by Faris Lee Investments
$2,957,000
7 days on market
Updated 3 days ago

Dairy Queen | 20-Year ABS NNN Lease | Fee Simple

Details
APN 1705223001002007
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,466
Net Rentable (SqFt) 3,466
Units 1
Cap Rate 5.75%
NOI $170,000
Occupancy 100%
Tenancy Single
Brand/Tenant Dairy Queen
Lease Type Net
Lease Term 20
Lease Expiration 07/31/2046
Remaining Term 20.1
Rent Bumps Yes
Lease Options Four (five-year) options
Class A
Year Built 2015
Stories 1
Lot Size (SqFt) 61,596
Zoning B-2
Parking Spaces 56 spaces
Parking per 1,000 SqFt 16.16
Investment Type Net Lease
Lease Commencement 08/01/2026
Ground Lease No

Dairy Queen | 20-Year ABS NNN Lease | Top Performing Location

Marketing description

Faris Lee Investments is pleased to present the rare opportunity to acquire the fee simple interest in a Dairy Queen secured by a new 20-year absolute NNN lease with zero landlord responsibilities and 10% rental increases every five years. Ranked among the top 11% of Dairy Queen locations nationwide (Placer.ai), the property is positioned within Cullman’s premier regional retail corridor, anchored by a top-performing Walmart (3.0M annual visitors; Top 11% nationwide), Lowe’s (934K annual visitors; Top 7% nationwide), and Townsquare Shopping Center (1.6M annual visitors), drawing consumers from a 20-mile regional trade area.

The investment includes a 3,466-square-foot drive-thru restaurant situated on a large 1.42-acre parcel with excellent visibility and access from Interstate 65, connecting Birmingham and Huntsville. Cullman County has grown 7% since 2020 and 18.4% since 2010—approximately 2.7 times faster than the U.S. average—and is supported by a diversified economy anchored by more than 150 manufacturers, over 7,000 manufacturing jobs, and Walmart’s recently announced $350 million expansion of its 1.3-million-square-foot distribution center.

The offering is an ideal opportunity to acquire a trophy corporate net lease investment in one of the Southeast’s strongest growth markets.

Investment highlights

  • Top Performing, Drive-Thru Dairy Queen (Financials available upon request)
  • 20-Year Absolute NNN Lease with favorable rental increases
  • Fee Simple Interest: Land & Building Ownership | 3,466 SF Building situated on large 1.42 Acre Parcel
  • Regional Trade Area | Walmart (3M Annual Visitors Placer.AI) | Lowes (943k Annual Visitors according to Placer.AI)
  • Relocation to Superior Positioning in Trade Area | Proven Operations & Loyal Customer Base
  • SMDG LLC | Top Performing Multi-unit & Multi-brand franchisee in Alabama

Listing Contacts

HS
CA 02036521
Faris Lee Investments
TS
CA CA 02059923
Faris Lee Investments
Listed by Faris Lee Investments

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$170,000.00
$14,166.67/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Spencer Akin
License
000083270-0
Brokerage
Capital Growth Real Estate
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591