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3333 Rainbow Drive - Advance Auto Parts, Rainbow City, AL

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3333 Rainbow Drive - Advance Auto Parts

Rainbow City, AL 35906-6201 - Etowah County Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2005
Building Size:7,000 SF Land Area:.85 AC (37,026 SF)
For Sale Price:$1,406,250 Price/SF:$200.89
Cap Rate:6.40 %
Parking:Free Surface spaces are available; Ratio of 6.57/1,000 SF
Features:Pylon Sign

Sale Notes:
The subject property has been leased to Advance Auto Parts for 15 years, and they recently extended their term for an additional 7 years and 5 months through December 2027. With over 10 years and 7 months remaining, Advance Auto has 3 option periods with 5% renewal increases in 2028, 2033 and 2038.

Strategically located along the main retail corridor of Rainbow City; a newly constructed Publix was built right along the main corridor' s intersection less than a mile away. Other tenants include CVS, Winn-Dixie, Burger King, Wells Fargo, Dollar Tree, Bojangles' and more. Location is within 5 miles from Gadsden Community College (7,300 students) and the University of Alabama' s Gadsden Center, a subsidiary of the University of Alabama.

Stan Johnson Company
Jason Maier
(646) 778-5560

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