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.
- 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)