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.