3318 Rainbow Dr | Rainbow City, AL 35906
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3318 Rainbow Dr
Rainbow City, AL 35906
Corp. Bojangles Subleased By Purple Onion · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute-Net Lease (Zero Landlord Responsibilities): 4.75 Years Remain with 1.50% Annual Increases.
- Redevelopment / Re-Tenant Opportunity: 4,090 SF Building with Drive-Thru and excellent parking in Desirable Location.
- Multiple National Retailers Nearby: BigLots!, Winn Dixie, Publix, Goodwill, CVS, Honey Baked Ham, Dollar General, Dollar Tree, GNC, Sonic, Wendy’s, Po
- Corporate Guaranty: While Subleased to The Purple Onion the Absolute-Net Lease is Backed by a Bojangles Corporate Guaranty.
- Excellent Frontage and Visibility: The Purple Onion Fronts Along High Traffic Rainbow Drive which Oversees 28,150 Vehicles Per Day.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,090 SF
Building Class
B
Year Built
2014
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.50 AC
Parking
38 Spaces (9.29 Spaces per 1,000 SF Leased)
Frontage
141’ on Rainbow Dr
AMENITIES
- Pylon Sign
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 15-09-29-3-000-049.001 | Improvements Assessment | $129,520 |
| Land Assessment | $76,040 | Total Assessment | $205,560 |
PROPERTY TAXES
Parcel Number
15-09-29-3-000-049.001
Land Assessment
$76,040
Improvements Assessment
$129,520
Total Assessment
$205,560
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