Chicken Salad Chick
2012 Rainbow Dr, Gadsden, AL 35901
For Sale
$805,863
Quick-service restaurant with a rear office component and an established franchise operator in place.
Property Size5,184 SF
Days on Market54
Property Features for 2012 Rainbow Dr
General Information
Standard status
Size
Property subtype
Net Operating Income
Additional Details
Traffic Count
Building Details
Building Size
Year Built
Units
Listed By:
Caroline Crain · License TN #381637
(256) 251-2667
Source:
Matthews
Added: Sep 19
Changed: Nov 3
Last Checked: Nov 10 at 5:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Caroline Crain
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Investment Insights
Based on property information with market context.
This restaurant property contains a Chicken Salad Chick location with approximately 1,900 square feet of rear office space. The office area is currently occupied by the owner, with an 18-month lease available from the seller at closing. The restaurant is leased to a franchise operator managing three to four units and benefits from an established operating history.
The property is located at 2012 Rainbow Dr in Gadsden, Alabama, along Rainbow Drive. The corridor records approximately 30,300 vehicles per day, providing direct exposure to a heavily traveled commercial route. The site was built in 1970 and serves as the only Chicken Salad Chick location in Gadsden, according to the provided property information.
The property is located at 2012 Rainbow Dr in Gadsden, Alabama, along Rainbow Drive. The corridor records approximately 30,300 vehicles per day, providing direct exposure to a heavily traveled commercial route. The site was built in 1970 and serves as the only Chicken Salad Chick location in Gadsden, according to the provided property information.
Key Highlights
- Chicken Salad Chick location identified as the only one in Gadsden
- Approximately 30,300 vehicles per day on Rainbow Drive
- Approximately 1,900 SF of rear office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,332
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,186,640
$1.2M
Cap Rate 7%
$847,600
$847.6K
Cap Rate 9%
$659,244
$659.2K
Market Conditions
NOI Build-Up for 5,184 SF
Gross rent
$84.0K $16.20/SF
− Vacancy
−$4.9K −$0.94/SF
EGI
$79.1K $15.26/SF
− OpEx
−$19.8K −$3.82/SF
NOI
$59.3K $11.45/SF
Area
Etowah County, AL
Vacancy
5.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,186,640
Cap Rate 7%
$847,600
Cap Rate 9%
$659,244
Alternative Uses
Best Use
Specialty Retail
$847.6K
$741.7K – $988.9K
NOI $59,332 @ 7.0% cap · market cap 7.36%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
30,300 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
223
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35901, AL
18,671
Population
9,075
Households
2.1
Avg Household Size
43
Median Age
22%
College-Educated
85%
High-School Grad
59.2 sq mi
ZIP Area
315
Density / Sq Mi
$47,826
Median Household Income
$30,212
Median Earnings
$747
Median Rent
$174,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Quick-service restaurant with a rear office component and an established franchise operator in place.
Where is this conventional restaurant located?
The property is located at 2012 Rainbow Dr Gadsden, AL.
What is the asking price?
The asking price for this property is $805,863.
What are key features of this property?
This property features: Chicken Salad Chick location identified as the only one in Gadsden; Approximately 30,300 vehicles per day on Rainbow Drive; Approximately 1,900 SF of rear office space
