115 W Grand Ave Rainbow City, AL 35906
For Lease
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.