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Property profile & analytics
FOR LEASE
Investment properties

115 W Grand Ave Rainbow City, AL 35906

39,916 SF 5.12 ac lot Built 1997
Entity Owned Absentee Owner Free & Clear
Property ID
US03-2141382
Property summary
AI-generated overview

Invest in two prime retail spaces within the vibrant Rainbow Crossing shopping center in Etowah County. This thriving strip center boasts a total of 59,584 square feet of gross leasable area (GLA) and enjoys a highly visible location at the intersection of Rainbow Drive (Highway 441) and West Grand Avenue (Highway 77). The property benefits from its strategic placement directly across from a Publix supermarket, ensuring high foot traffic and excellent visibility. Two spaces are currently available: a 5,180 square foot unit situated next to a Honey Baked Ham, and a 1,980 square foot space, previously a restaurant, complete with a drive-thru pickup window and grease trap, ideal for a variety of food service businesses. The center is anchored by the town's largest and most active fitness facility, further enhancing its appeal and drawing a diverse customer base. This presents a unique opportunity to establish a presence in a bustling retail environment with strong existing tenants and high consumer traffic. The available spaces offer flexibility for various retail concepts, making them an attractive investment for businesses seeking a prime location in a thriving market. Don't miss this chance to secure a space in one of Etowah County's most sought-after retail destinations.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1997
Construction CONCRETE BLOCKS
Total area 39,916 SF
Lot 5.12 ac (223,167 SF)
APN 15-09-29-3-000-039.000
UPID US03-2141382
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.64M
Blend (final) Blend
$2.80M
Owner & transaction history
T & M INVESTORS IX, LLC
T & M INVESTORS IX, LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $3.2M +81.1%
Medical building $2.8M +57.9%
Retail stores $2.5M +39.3%
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More about this property
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