Sonic Absolute NNN
For Sale
Contact for pricing
3218 Rainbow Dr, Rainbow City, AL 35906
Restaurant property includes a new 20-year lease with four extension options.
Property SizeContact for details
Days on Market143
Property Features for 3218 Rainbow Dr
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Traffic Count
53,700 vehicles/day
Listing Agency:
SRS Real Estate Partners New York
(973) 632-1386
Listed By:
Britt Raymond · License #NY 10491212709
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 8:58AM
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 SRS Real Estate Partners New York
Investment Insights
Based on property information with market context.
This fee-simple Sonic property includes ownership of both the land and building at 3218 Rainbow Dr. The sale-leaseback is structured as an absolute NNN lease, with Soar QSR providing a guarantee and assuming landlord obligations. A new 20-year lease is scheduled at closing, followed by 4 five-year extension options. Contractual rent increases are set at 10% every 5 years during the initial term and at the start of each option period.
The site is near the intersection of Rainbow Drive and State Highway 77, where the roads collectively carry more than 53,700 vehicles daily. It sits across from Rainbow Plaza Shopping Center, anchored by Dollar Tree and joined by PNC Bank, GNC, and America’s Thrift Store. The surrounding retail corridor also includes Publix, CVS, Wendy’s, Popeyes, Dunkin’, Walgreens, and Advance Auto Parts. Within three miles, the trade area includes more than 47,000 residents and 29,600 employees, with an average household income of $95,414.
The site is near the intersection of Rainbow Drive and State Highway 77, where the roads collectively carry more than 53,700 vehicles daily. It sits across from Rainbow Plaza Shopping Center, anchored by Dollar Tree and joined by PNC Bank, GNC, and America’s Thrift Store. The surrounding retail corridor also includes Publix, CVS, Wendy’s, Popeyes, Dunkin’, Walgreens, and Advance Auto Parts. Within three miles, the trade area includes more than 47,000 residents and 29,600 employees, with an average household income of $95,414.
Key Highlights
- Fee‑simple ownership includes the land and building at 3218 Rainbow Dr
- Absolute NNN lease with no landlord responsibilities
- New 20‑year lease at closing with 4 (5‑year) extension options
Property Analytics
Property Profile
Current Use
Lease Details
53,700 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
647
Businesses Nearby
Explore this area
Business Placement
Demographics for 35906, AL
10,444
Population
4,743
Households
2.2
Avg Household Size
42
Median Age
22%
College-Educated
85%
High-School Grad
35.0 sq mi
ZIP Area
298
Density / Sq Mi
$58,896
Median Household Income
$41,701
Median Earnings
$998
Median Rent
$199,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Restaurant property includes a new 20-year lease with four extension options.
Where is this nnn property located?
The property is located at 3218 Rainbow Dr Rainbow City, AL.
What are key features of this property?
This property features: Fee‑simple ownership includes the land and building at 3218 Rainbow Dr; Absolute NNN lease with no landlord responsibilities; New 20‑year lease at closing with 4 (5‑year) extension options
