Dairy Queen for Sale in Cullman, AL
Cullman, AL
Key Investment Metrics
Price
$2,957,000
Cap Rate
5.8%
Net Operating Income
$170,000
Building Size
3466 SF
Remaining Term
20 years
Lease Expiration
07/31/2046
Lease Term
20 years
Lease Commencement
08/01/2026
Lease Type
Net
Year Built
2015
Occupancy
100%
Tenancy
Single
Rent Increases
10% every five-years
Property overview
Dairy Queen in Cullman
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 3,466 SF
- Year built
- 2015
- Lease type
- Net
- Lease expiration
- 07/31/2046
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.