3403 Rainbow Dr | Rainbow City, AL 35906
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3403 Rainbow Dr
Rainbow City, AL 35906
CVS Pharmacy · Retail Property For Sale
Investment Highlights
- Positioned within the Birmingham MSA – Ranked #50 in the United States for population size
- The lease features a rare and significant 33% rental escalation in the first renewal option
- Low rent for a national pharmacy
- CVS is an investment grade rated tenant (S&P: BBB)
- NNN lease – No landlord responsibilities
- Corporate CVS guaranty
Property Facts
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,200 SF
Building Class
B
Year Built
2005
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.64 AC
Parking
40 Spaces (3.03 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
Property Taxes
| Parcel Number | 15-09-29-3-000-041.000 | Improvements Assessment | $222,740 |
| Land Assessment | $81,940 | Total Assessment | $304,680 |
Property Taxes
Parcel Number
15-09-29-3-000-041.000
Land Assessment
$81,940
Improvements Assessment
$222,740
Total Assessment
$304,680
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