1840 Lee Ave SW Cullman, AL 35055

Building Details

Year Built

2015

Listing office Faris Lee Investments h***@farislee.com Show Phone

Listing date Jul 12, 2026

Source Farislee

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

Report an issue

---

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.

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

Location Intelligence

Similar For Sale Nearby

• 

  $370,000

  4,258 SF

  Mixed-Use Commercial Property

  Property includes a 2,840 SF shop and 1,480 SF livable space with four bedrooms and highway frontage.

  61 Al Hwy 69 N, Cullman, AL 35055

  View Details
• 

  $499,000

  9,100 SF

  Church Building with Classrooms

  Church facility with eight classrooms, kitchen, and two bathrooms on a large-parking lot site.

  9350 US Highway 278, Cullman, AL 35055

  View Details
• 

  $225,000

  1,248 SF

  Cullman Commercial Land Opportunity

  1.9 acres of commercial land in Cullman, Alabama.

  207 Richard Ave NE, Cullman, AL 35055

  View Details
• 

  $495,000

  2,932 SF

  Turnkey Transmission Shop with Residence

  Equipped transmission shop with on-site residence on over an acre.

  439 County Road 1568, Cullman, AL 35058

  View Details
• 

  $1,600

  4,200 SF

  Retail Storefront with High Ceilings

  Retail storefront offering high ceilings, large windows, and a stained concrete floor, plus restroom and storage closet.

  3870 Al Hwy 69, Cullman, AL 35057

  View Details
• 

  $270,000

  2,400 SF

  Turnkey Renovated Duplex

  Move-in ready duplex with two fully updated units, well suited for owner-occupant or rental use.

  1335 16th SE St, Cullman, AL 35055

  View Details
• 

  $349,900

  13,613 SF

  Commercial Warehouse Near Interstate 65

  13,620 SF commercial warehouse, 5 minutes from I-65.

  40 US Hwy 278, Cullman, AL 35057

  View Details
• 

  $419,000

  3,800 SF

  Smith Lake Area Commercial Property

  Prime commercial property near Smith Lake with existing restaurant building.

  1455 County Road 110, CULLMAN, AL 35057

  View Details
• 

  $375,000

  4,320 SF

  Highway 69 Mixed-Use Property

  Mixed-use property with shop and livable space on Highway 69.

  61 Al Hwy 69 N, Cullman, AL 35055

  View Details
• 

  $575,000

  9,100 SF

  Versatile Commercial Building on Highway

  9,100 SF building on 4.21 acres, high visibility.

  9350 US Highway 278, Cullman, AL 35055

  View Details
• 

  $369,000

  2,400 SF

  Operational Meat Processing Plant

  Fully operational meat processing plant on 1.1 acres.

  3415 W Highway 278 W, CULLMAN, AL 35057

  View Details
• 

  $2,100,000

  6,955 SF

  Second-Generation Medical Office Building

  Modern 2015-built office with existing clinical infrastructure and an Edward Jones lease for immediate income options.

  1830 LEE AVE SW CULLMAN AL 35055-5265, CULLMAN, AL

  View Details

FAQs

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