Property profile

6717 Al-157 Cullman, AL 35057

OFF-MARKET
Warehouses
122,899 SF 37.44 ac lot Built 1974
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 122,899-square-foot industrial property in Cullman, Alabama. The property, a flex/warehouse space, sits on a 37.44-acre lot and boasts 120,000 square feet of net rentable area. Currently 100% occupied by General Dynamics, a globally recognized leader in imaging solutions, under a triple-net (NNN) lease, this asset offers significant long-term stability. The lease commenced June 14, 2007, and includes a five-year renewal option, extending the lease to June 13, 2027. The building, constructed in 1974 and renovated in 2018, features four stories with ceiling heights ranging from 18 to 25 feet. Ample parking is provided with 256 spaces. The property is zoned I-1 (Industrial) and benefits from a prime location in Cullman County, offering easy access to I-65, strategically positioned between Birmingham and Huntsville. The strong tenant history, coupled with the high-quality improvements and favorable lease terms, makes this a compelling investment opportunity with a current Net Operating Income (NOI) of $376,917.25 and an asking price of $6,500,000. The property is offered debt-free, further enhancing its appeal. This is a rare chance to acquire a well-located, high-performing industrial asset with a blue-chip tenant and a significant remaining lease term.

Property profile

Verified
Property type Warehouses
Year built 1974
Total area 122,899 SF
Lot 37.44 ac (1,630,886 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6717 Al-157 Cullman, AL 35057
Cullman metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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