Walmart Shadow Anchored Shopping
222 Haynes St Talladega, AL 35160
New
For Sale
$3,270,000
20,000 SF retail center with long-tenured national and local tenants anchored by a Walmart shadow.
Property Size20,000 SF
Price / SF$163.50
Days on Market4
Property Features for 222 Haynes St
General Information
Standard status
Active
Size
20,000 SF
Property subtype
Shopping Strip
Building Details
Year Built
1991
Listing Agency:
Marcus & Millichap - Birmingham
(205) 510-9200
Listed By:
Eddie Greenhalgh · License #License(s) AL: 0000882980
(205) 510-9200
Source:
Marcusmillichap
Added: Jul 26
Changed: Jul 27
Last Checked: Jul 28 at 3:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Birmingham
Investment Insights
Based on property information with market context.
The subject property is a 20,000 SF Walmart shadow anchored shopping center in Talladega, AL. The center is described as having a diversified, internet-resistant tenant mix that includes restaurant, fitness, beauty, wireless, and service-based businesses. Named tenants in the remarks include Hibbett Sporting Goods, Cricket Wireless, American Deli, Direct Auto Insurance, Beauty Nails, and Los Arcos. The property also notes that 50% of the center is made up of national tenants.
Located in the main retail corridor of Talladega, the center is adjacent to Walmart and near other retailers including Dollar General and Tractor Supply, as well as O’Reilly. The Walmart shadow anchor has been occupying its space since 1990. The remarks indicate an average tenant tenure of 10+ years, including Hibbett Sporting Goods operating for 17+ years and Beauty Nails for 21+ years.
The seller’s materials state that 85% of the center has contractual rent bumps in initial terms or options. The tenant mix is also supported by the provided claim of solid operating history, with Cricket and Hibbett highlighted in the remarks as top-performing within Alabama and nationwide ranges.
Located in the main retail corridor of Talladega, the center is adjacent to Walmart and near other retailers including Dollar General and Tractor Supply, as well as O’Reilly. The Walmart shadow anchor has been occupying its space since 1990. The remarks indicate an average tenant tenure of 10+ years, including Hibbett Sporting Goods operating for 17+ years and Beauty Nails for 21+ years.
The seller’s materials state that 85% of the center has contractual rent bumps in initial terms or options. The tenant mix is also supported by the provided claim of solid operating history, with Cricket and Hibbett highlighted in the remarks as top-performing within Alabama and nationwide ranges.
Key Highlights
- 20,000 SF Walmart shadow‑anchored retail center in Talladega, AL
- Tenant mix includes Hibbett Sporting Goods, Cricket Wireless, American Deli, Direct Auto Insurance, Beauty Nails, and Los Arcos
- 50% of the center is national tenants, with multiple long‑tenured operators (Hibbett 17+ yrs, Beauty Nails 21+ yrs, Cricket Wireless 10+ yrs)
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $220.8k | $11.04 |
| − Vacancy | −$18.8k | −$0.94 |
| EGI | $202.0k | $10.10 |
| − OpEx | −$60.6k | −$3.03 |
| NOI | $141.4k | $7.07 |
20,000 SF · lease $11.04/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.02M
$1.77M – $2.36M
NOI $141,422 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.09M
$3.58M – $4.77M
NOI $286,358 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Strip mall - 20,000 SF retail center with long-tenured national and local tenants anchored by a Walmart shadow.
Where is this strip mall located?
The property is located at 222 Haynes St Talladega, AL.
What is the asking price?
The asking price for this property is $3,270,000.
What are key features of this property?
This property features: 20,000 SF Walmart shadow‑anchored retail center in Talladega, AL; Tenant mix includes Hibbett Sporting Goods, Cricket Wireless, American Deli, Direct Auto Insurance, Beauty Nails, and Los Arcos; 50% of the center is national tenants, with multiple long‑tenured operators (Hibbett 17+ yrs, Beauty Nails 21+ yrs, Cricket Wireless 10+ yrs)
