Individually Owned Property summary
This exceptional investment opportunity presents a 13,200 square-foot CVS Pharmacy located at 3403 Rainbow Dr, Rainbow City, AL 35906, within the Birmingham MSA. The property boasts a strong 6.75% cap rate and a substantial net operating income (NOI) of $125,926. Built in 2005 on a 1.65-acre lot, the building is 100% occupied under an absolute NNN lease with a credit-rated tenant, CVS Pharmacy. The lease commenced December 17, 2004, and expires January 31, 2030, leaving approximately 5.2… years remaining on the primary term, with ten 5-year renewal options. The lease includes a corporate guaranty from CVS and features a significant 33% rental escalation in the first renewal option. The property benefits from a high-traffic location near the intersection of Rainbow Drive and East Grand Avenue (combined 54,849 vehicles per day), surrounded by strong national and regional tenants including Publix, Winn-Dixie, and others. The surrounding area has a population of 45,102 within a 5-mile radius, with an average household income of $65,773. The asking price is $1,865,585, translating to $141.33 per square foot. This is a rare opportunity to acquire a well-performing, low-risk investment with a nationally recognized tenant and significant long-term growth potential. Detailed lease terms are available upon request.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
3 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 10,186 SF
- Lot area
- 1.64 ac
- Year built
- 2005
- Stories
- 1
- APN
- 15-09-29-3-000-041.000
- Assessed value · 2023
- $358,140
- Annual tax · 2023
- $14,684
- Medical Building
- Warehouse, Storage
- Commercial (general) · current use
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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