210 Haynes St - Freestanding FOR SALE


Talladega, AL 35160
$1,500,000 USD
404-823-6360
210 Haynes St, Talladega, AL for Sale
$1,500,000 USD
Freestanding - FOR SALE
1/16
null | Request Cap Rate

210 Haynes St
Talladega, AL 35160


HIGHLIGHTS

  • CORPORATE LEASE WITH PROVEN TRACK RECORD & WIDE REACH
  • BELOW MARKET RENT IN TIGHT MARKET
  • POSITIONED WITHIN TALLADEGA’S MAIN RETAIL CORRIDOR
  • ADJACENT TO BAPTIST HEALTH CITIZENS HOSPITAL
  • 12 MILES FROM TALLADEGA SUPERSPEEDWAY
  • CLOSE PROXIMITY TO MAJOR EMPLOYERS & POPULATION DRIVERS

OVERVIEW

Northmarq Commercial, on behalf of ownership, is pleased to present the exclusive opportunity to acquire a 100% fee simple interest in the multi-tenant retail property located at 210 Haynes Street in Talladega, Alabama (the “Property”). Positioned adjacent to a Walmart Supercenter with additional co-tenants including Tractor Supply, McDonald’s, Taco Bell, and Murphy USA, among others, the Property is situated within Talladega’s primary retail corridor around the intersection of Haynes Street and Battle Street East (AL-77). Encompassing ±37,981 SF where ±33,446 SF is leasable across two suites, the Property is roughly 63% leased with ±12,445 SF available for a future tenant. Variety Stores, Inc., doing business as Roses Express, is the sole occupant today, operating under a seven-year lease that began in 2022, offering cash flow through June 2029 with two, five-year options to immediately follow. Talladega is a well-known city in central Alabama along I-20, 55 miles east of Birmingham. It is most-famous for the Talladega Superspeedway, a major race track that hosts two NASCAR races, brings more than 400,000 visitors and contributes $420 million to the local and regional economy each year. Alabama itself is an emerging CRE market given its positioning at the center of the fastest growing region within the U.S. (southeast) and its access to the Gulf Coast. It is frequently cited as one of the best states for business (#1 Most Improved State for Business; #1 Most Favorable Property Tax Environment; #3 Best Overall Cost of Doing Business; and #8 Best State for Doing Business) and the region as a whole is currently ranked #17 in the Top 100 Micropolitan rankings based on economic strength and future potential.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$45 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

159

LAND DETAILS

LAND ACRES

2.69 AC

LAND SF

117,176 SF

ZONING

C

APN/PARCEL ID

13-07-26-1-001-001.000

ASK ABOUT THIS PROPERTY

Colin CouchNorthmarqMore Info
404-823-6360

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Colin CouchNorthmarqMore Info
404-823-6360

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.