SUBLEASE PURPLE ONION | $2,184,075 | 8.00% CAP
The Deltondo Group and Marcus & Millichap are pleased to present for sale Corporate Bojangles subleased to Purple Onion a single-tenant property located at 3318 Rainbow Drive, Rainbow City, AL 35906. The lease is backed by a Bojangles corporate guaranty with 4.75 Years of reamaining term. The absolute-net lease has 1.50% annual increases. Subject Property is situated on Rainbow Drive which passed by over 28,150 vehicles per day.
A great opportunity to re-tenant or redevelop in under 5 years. A large 4,090 SF building on a 1.52 acre lot with drive-thru. Subject Property is surrounded by many national tenants such as: BigLots!, Winn Dixie, Publix, Goodwill, CVS, Honey Baked Ham, Dollar General, Dollar Tree, Sonic, Wendy's, Burger King, and Many More.