Drive-Thru Dairy Queen with Absolute
For Sale
$2,957,000
1840 Lee Ave SW, Cullman, AL 35055
Fee simple drive-thru Dairy Queen offered with a new 20-year absolute NNN lease and scheduled 10% increases.
Property Size3,466 SF
Lot Size1.42 Acres
Price / SF$853.14
Days on Market50
Property Features for 1840 Lee Ave SW
General Information
Standard status
Active
Size
3,466 SF
Lot size
1.42 Acres
Property subtype
Retail
Occupancy
100%
Net Operating Income
$170,000
Building Details
Building Size
3,466 SF
Year Built
2015
Tenancy
Single
Listing Agency:
Faris Lee Investments
(949) 633-2538
Listed By:
Hunter Steffien · License #CalDRE #02036521
(949) 633-2538
Source:
Farislee
Added: Jul 12
Changed: Aug 22
Last Checked: Aug 29 at 8:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Faris Lee Investments
Investment Insights
Based on property information with market context.
Faris Lee Investments presents the fee simple interest in a drive-thru Dairy Queen secured by a new 20-year absolute NNN lease with zero landlord responsibilities and 10% rental increases every five years.
The property includes a 3,466 SF building situated on a 1.42-acre parcel. The site is positioned within Cullman’s premier regional retail corridor, anchored by Walmart and Lowe’s, as well as Townsquare Shopping Center.
The tenant is SMDG LLC, described in the offering as a top-performing multi-unit, multi-brand franchisee in Alabama. Financials are available upon request.
The property includes a 3,466 SF building situated on a 1.42-acre parcel. The site is positioned within Cullman’s premier regional retail corridor, anchored by Walmart and Lowe’s, as well as Townsquare Shopping Center.
The tenant is SMDG LLC, described in the offering as a top-performing multi-unit, multi-brand franchisee in Alabama. Financials are available upon request.
Key Highlights
- Fee simple interest in a Dairy Queen with a new 20‑year absolute NNN lease
- Lease includes 10% rental increases every five years
- 2015‑built 3,466 SF drive‑thru Dairy Queen on a 1.42‑acre parcel
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
680
Businesses Nearby
605k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 33%
Shops & Services 18%
Superstores 18%
Home Improvements & Furnishings 12%
Walmart
Superstores
111,336 visits/mo
0.4 miles
T.J. Maxx
Apparel
48,608 visits/mo
0.4 miles
Chick-fil-A
Dining
48,540 visits/mo
0.2 miles
Lowe's
Home Improvements & Furnishings
47,794 visits/mo
0.2 miles
Hobby Lobby
Shops & Services
38,586 visits/mo
0.4 miles
Demographics for 35055, AL
22,299
Population
10,664
Households
2.1
Avg Household Size
39
Median Age
26%
College-Educated
88%
High-School Grad
63.8 sq mi
ZIP Area
350
Density / Sq Mi
$58,488
Median Household Income
$40,079
Median Earnings
$934
Median Rent
$195,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Fee simple drive-thru Dairy Queen offered with a new 20-year absolute NNN lease and scheduled 10% increases.
Where is this drive through restaurant located?
The property is located at 1840 Lee Ave SW Cullman, AL.
What is the asking price?
The asking price for this property is $2,957,000.
What are key features of this property?
This property features: Fee simple interest in a Dairy Queen with a new 20‑year absolute NNN lease; Lease includes 10% rental increases every five years; 2015‑built 3,466 SF drive‑thru Dairy Queen on a 1.42‑acre parcel
