Current Use by Public Records
- Retail properties & Spaces
Property Details for 5445 Al-157
- Year built
- 2024
- Lot size
- 1.20 lot acres
- Property type
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a fee-simple interest in a brand-new, 2,500-square-foot Starbucks located at 5445 AL-157 in Cullman, Alabama. The property boasts a 10-year net lease with a credit-rated corporate guarantor, offering a 6.00% cap rate and a strong NOI of $172,500. Built in 2024, this single-tenant building sits on a 1.2-acre lot and benefits from a 10% rent increase every five years, along with six, five-year lease options. The property enjoys a prime location in a thriving retail corridor, positioned as an outparcel to a Walmart-anchored shopping center drawing 2.4 million annual visitors. This strategic location, with frontage along Highway 157 and proximity to I-65, ensures high visibility and significant traffic exposure. The area demonstrates robust growth, with a 17% population increase within a 5-mile radius since 2010, further solidifying the investment's long-term potential. The asking price is $2,880,000, translating to $1,152 per square foot. This is a rare opportunity to acquire a high-performing, net-leased asset anchored by a globally recognized brand in a rapidly expanding market. The property's strong tenant, favorable lease terms, and prime location make it an attractive investment for discerning buyers. The lease commenced August 12, 2024, and expires August 11, 2034.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cullman
- County
- Cullman
- State
- Alabama
- Longitude
- -86.866
- Latitude
- 34.2059
