WALGREENS

3434 Rainbow Dr, Gadsden, AL 35906
$3,394,000

Cap Rate
8.25%
Price Per SF
$240
Year Built
2003
Leasable Area
14,560 SF
Term Remaining
±8.90 YRS
NOI
$280,000
Property Type
Retail

INVESTMENT HIGHLIGHTS

  • Recent Lease Extension – Walgreens’ commitment to this location is reinforced by the lease renewal, demonstrating long-term stability.
  • Absolute NNN Lease – True passive investment with zero landlord responsibilities.
  • Corporate-Backed Lease – Guaranteed by Walgreens with approximately 8,400 locations nationwide. Recently acquired by Sycamore Partners for ±$10 billion.
  • Prime Corner Location – Exceptional visibility and convenient dual access from Rainbow Dr and E Grand Ave.
  • High Traffic Area – Exposure to approximately ±55,000 vehicles per day, driving consistent consumer traffic.
  • Retail Synergy – Surrounded by national and regional retailers, including O’Reilly Auto Parts, Publix, Shell, Village Shopping Mall, and Huddle House, enhancing foot traffic.
  • Long-Term Income Security – ±9 years remaining on the lease, ensuring stable cash flow.

Broker of Record

  • Hutt Cooke
  • License No. 000110253 - 0 (AL)
  • (866) 889-0550
  • Matthews Real Estate Investment Services, Inc
  • 1600 West End,
    Ste. 1500 Nashville, TN 37203
BESbswy