Talladega Plaza
Multi-Tenant Retail with Upside Potential
Marketing description
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.
Investment highlights
CORPORATE LEASE WITH PROVEN TRACK RECORD & WIDE REACH | Variety Wholesalers (Tenant) is a leading discount retailer operating more than 400 stores across 18 states under eight banners, including Roses Express (Subject Property). In 2024, Variety Wholesalers acquired 219 Big Lots locations from bankruptcy, a significant expansion for the company, further solidifying its position within the retail discount segment.
BELOW MARKET RENT IN TIGHT MARKET | Roses is currently paying $5.89 PSF, and while Talladega is not a defined market, in the nearby retail markets of Birmingham and Anniston-Oxford, current retail asking rents average $15.81 PSF and $13.80 PSF, respectively. Additionally, retail vacancies in the surrounding submarkets are well-below the national average (2.2% vs 4.1%).
POSITIONED WITHIN TALLADEGA’S MAIN RETAIL CORRIDOR | The Property is located at hard, signalized intersection of East Battle Street and Haynes Street, the primary retail area in Talladega that includes other national retailers like Walmart, Tractor Supply Co., Dollar Tree, Dollar General and multiple QSR’s, including a Taco Bell directly in front of the Property that was built in 2021 and is a relocation from a less-trafficked part of the city.
ADJACENT TO BAPTIST HEALTH CITIZENS HOSPITAL | The Property is just around the corner from the 103-bed Baptist Health Citizens Hospital, one of the largest employers in the region and a significant driver of daytime population to the immediate area.
12 MILES FROM TALLADEGA SUPERSPEEDWAY | Talladega Superspeedway is a premier destination for NASCAR enthusiasts, hosting two major events annually, including the Jack Link’s 500 in the spring and the YellaWood 500 in the fall. The track attracts over 100,000 fans per race weekend, making it a significant economic engine for not only the city, but for all of East Alabama with an estimated annual impact of $420 million on the local and regional economies.
CLOSE PROXIMITY TO MAJOR EMPLOYERS & POPULATION DRIVERS | The region around Talladega includes multiple high profile companies and installations, including the Honda Manufacturing of Alabama factory (4.9M SF facility that employs more than 4,500 and supports more than 45,000 jobs across the state), the Anniston Army Depot (a major United States Army facility with personnel of more than 3,800 on nearly 11,000 acres used for the production and repair of ground combat vehicles, overhaul of Small Arms Weapon Systems and the storage of chemical weapons) and the Kronospan campus currently undergoing a $400 million expansion (460-acre campus for one of the world’s largest manufacturer of wood-based panels, like particleboard, fiberboard and laminate flooring).
I-20 CORRIDOR LOCATION | The Property is just south of Interstate 20, one of the nation’s most-trafficked highways that traverses across 12 states, connecting more than 15 million people and major economic hubs like Dallas-Fort Worth and Atlanta.
ALABAMA INVESTMENT OPPORTUNITY | Alabama is at the center of the fastest growing region within the U.S., within a one day drive to the entire South and its nearly 150 million residents. Additionally, its prime location on the Gulf Coast provides nearly unlimited access to national and international markets. It is frequently cited as one of the best states for business, home to over 425 foreign-based companies from more than 30 nations, including major operations for NASA, Amazon, Google, Facebook, Mercedes-Benz, Mazda Toyota Manufacturing, Hyundai, Honda, Airbus and Boeing, among many others. In 2024, it was named the 8th-Best State for Doing Business overall with high-marks for Favorable Property Tax Environment (#1), Overall Cost of Doing Business (#3), Favorable Regulatory Environment (#3) and Business Incentives Programs (#5), and was recently named the #1 Most Improved State for Business. The Sylacauga/Talladega region is currently ranked #17 in the Top 100 Micropolitan rankings, based on economic strength and future potential.
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