3434 Rainbow Dr - Drug Store FOR SALE
Rainbow City, AL 35906 |
$3,500,000 USD
760-642-9942
3434 Rainbow Dr
Rainbow City, AL 35906
HIGHLIGHTS
- Recent Lease Extension – Walgreens’ commitment to this location is reinforced by the lease renewal, demonstrating long-term stability.
- Absolute NNN Lease – True passive investment with zero landlord responsibilities.
- Corporate-Backed Lease – Guaranteed by Walgreens with approximately 8,400 locations nationwide. Recently acquired by Sycamore Partners for $10 billion
- Prime Corner Location – Exceptional visibility and convenient dual access from Rainbow Dr and E Grand Ave.
- High Traffic Area – Exposure to approximately ±55,000 vehicles per day, driving consistent consumer traffic.
- Retail Synergy – Surrounded by national and regional retailers, including O’Reilly Auto Parts, Publix, Shell, Village Shopping Mall, and Huddle House,
FOR SALE DETAILS
PRICE
$3,500,000 USD
PRICE/SF
$240 USD /SF
CAP RATE
8%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
WALGREENS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2003
SPRINKLERS
-
PARKING SPACES
55
LAND DETAILS
LAND ACRES
1.47 AC
LAND SF
64,033 SF
ZONING
HC
APN/PARCEL ID
15-09-29-3-000-092.000,15-09-29-3-000-093.000,15-09-29-3-000-093.001,15-09-29-3-000-110.005
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760-642-9942
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760-642-9942
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