3434 Rainbow Dr | Rainbow City, AL 35906
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3434 Rainbow Dr
Rainbow City, AL 35906
WALGREENS · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Recent Lease Extension – Walgreens’ commitment to this location is reinforced by the lease renewal, demonstrating long-term stability.
- Corporate-Backed Lease – Guaranteed by Walgreens with approximately 8,400 locations nationwide. Recently acquired by Sycamore Partners for $10 billion
- High Traffic Area – Exposure to approximately ±55,000 vehicles per day, driving consistent consumer traffic.
- Absolute NNN Lease – True passive investment with zero landlord responsibilities.
- Prime Corner Location – Exceptional visibility and convenient dual access from Rainbow Dr and E Grand Ave.
- Retail Synergy – Surrounded by national and regional retailers, including O’Reilly Auto Parts, Publix, Shell, Village Shopping Mall, and Huddle House,
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,560 SF
Building Class
C
Year Built
2003
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.47 AC
Zoning
HC - Highway Commercial
Parking
55 Spaces (4.1 Spaces per 1,000 SF Leased)
AMENITIES
- Pylon Sign
- Signalized Intersection
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $275,100 | |
| Land Assessment | $69,220 | Total Assessment | $344,320 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$69,220
Improvements Assessment
$275,100
Total Assessment
$344,320
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