Walgreens Drug Store with Absolute NNN
For Sale
Contact for pricing
Pending
3434 Rainbow Dr, Rainbow City, AL 35906
Drug store at a corner location with an absolute NNN lease.
Property SizeContact for details
Days on Market142
Property Features for 3434 Rainbow Dr
General Information
Standard status
Pending
Property subtype
Retail
Financials
Asking Price
$3,500,000
Cap Rate
8%
Site & Location
Corner Location
Yes
Traffic Count
55,000 vehicles/day
Listing Agency:
Matthews
Listed By:
Jack Kulick · License #C02126798
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 10:03AM
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 Matthews
Investment Insights
Based on property information with market context.
This Walgreens drug store is offered with an absolute NNN lease and a recent lease extension. The corporate-backed tenancy is associated with a publicly traded company operating approximately 8,400 locations nationwide.
The property occupies a corner between Rainbow Dr and E Grand Ave, with traffic volume of approximately 55,000 vehicles per day. The offering reflects an 8.00% cap rate and combines a nationally recognized drug store tenant with a long-term net lease structure.
The property occupies a corner between Rainbow Dr and E Grand Ave, with traffic volume of approximately 55,000 vehicles per day. The offering reflects an 8.00% cap rate and combines a nationally recognized drug store tenant with a long-term net lease structure.
Key Highlights
- Walgreens drug store with an absolute NNN lease
- Recent lease extension
- Approximately 55,000 vehicles per day between Rainbow Dr and E Grand Ave
Property Analytics
Property Profile
Current Use
Lease Details
55,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
620
Businesses Nearby
Well-served
Demand for This Use
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
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Similar Off Market Nearby
- Walgreens Pharmacy — 3434 Rainbow Dr, Rainbow City, AL 35906
- COVID-19 Drive-Thru Testing at Walgreens — 3434 Rainbow Dr, Rainbow City, AL 35906
- Tara Perkins — 3434 Rainbow Dr, Rainbow City, AL 359066240
- Andrew Prince — 3434 Rainbow Dr, Rainbow City, AL 359066240
- Justin M. Bramel, PharmD — 3434 Rainbow Dr, Rainbow City, AL 35906
Frequently Asked Questions
What type of property is this?
Drug store - Drug store at a corner location with an absolute NNN lease.
Where is this drug store located?
The property is located at 3434 Rainbow Dr Rainbow City, AL.
What are key features of this property?
This property features: Walgreens drug store with an absolute NNN lease; Recent lease extension; Approximately 55,000 vehicles per day between Rainbow Dr and E Grand Ave
