Talladega Plaza

Asset Type

Retail

Address
210 Haynes St Talladega, AL United States 35160-2560
Asking Price

S$3,318,000

Sq Footage

37,981

Year Built

1959

Cap Rate

8.25%

Additional Attributes

Property Description

Two-tenant net-leased property that’s an outparcel to a Walmart Supercenter in Talladega’s main shopping corridor, which features a variety of retailers. Currently occupied by two retail tenants, Goody’s and It’s Fashion Metro. Both tenants have exercised options to renew their respective leases, showing commitment to the location.

Investment Highlights

  • Fee simple interest
  • Two-tenant property outparcel to Walmart Supercenter
  • Includes two existing retail tenants, Goody’s and It’s Fashion Metro
  • Both tenants have exercised options to renew their leases before expiration, showing their commitment to remain in this location
  • At renewal, Goody’s rent will increase by $2.50 per sq. ft. in 2024; and It’s Fashion Metro’s will increase by $0.50 in 2021 and $1.00 per sq. ft. in 2024
  • Leases have corporate guarantees from Stage Stores (Goody’s) and Cato Corporation (It’s Fashion Metro)
Listing Contacts
Jason Gribin
Jason Gribin
VP, Capital Markets
+65 3159 4021
01819611
Jordan Uttal
Jordan Uttal
VP, Capital Markets
+65 3159 4021
CA - 1856260
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