Property Details for 302 5Th Ave

Year built

1998

Lot size

0.50 lot acres

Property size

4,500 SF

Property type

Office properties & Spaces

Description

This exceptional investment opportunity presents a fee-simple interest in a 4,500 square foot, single-story auto repair shop located at 302 5th Ave SW, Cullman, Alabama. The property sits on a half-acre lot and boasts four service bays, ensuring ample operational capacity. A brand-new 15-year absolute NNN lease is in place with Community Auto Repair, eliminating landlord responsibilities. The lease features a 7% cap rate and includes annual 2% rent increases, providing a hedge against inflation and increasing yield over time. Built in 1998, this established business enjoys 100% occupancy and generates a $63,000 annual net operating income (NOI). The lease includes four, five-year renewal options, providing long-term stability and predictable cash flow. The asking price is $900,000, or $200 per square foot. This property is ideally situated in a high-traffic area, experiencing over 15,000 vehicles daily. The investment is structured as a fee simple ownership, offering a passive income stream with minimal management requirements. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term growth potential.

Location Insight

City

Cullman

County

Cullman

State

Alabama

Longitude

-86.8466

Latitude

34.1732