111-115 Stephen J White Memorial Blvd Talladega, AL 35160

Talladega Plaza Shopping Center, located at 111-115 Stephen J White Memorial Boulevard in Talladega, Alabama, presents a compelling value-add investment opportunity. This 31,492 square foot retail center, built in 1967 and renovated in 2019, sits on a 2.2-acre lot and boasts a 7.36% cap rate with a current NOI of $294,566. The property is currently 81.07% occupied by seven tenants, including Talladega Pediatrics, Greystone Neurology & Pain Center, Therapy South, Sherwin-Williams Company, H&R Block, Red Bowl Asian Restaurant, and Cheaha Family Dentistry. These tenants represent a mix of established medical practices and nationally recognized brands. A significant 5,950 square foot vacancy offers considerable upside potential, ideal for office, retail, or showroom space, and includes access to two loading docks. A national gym franchise has already been approved for this space. The property features a new TPO roof on the larger structure (2017) and metal roofing on the smaller building. The exterior is a combination of painted brick and stucco, with painted concrete on the sides and back. Large pylon signage ensures high visibility along East Battle Street and Stephen J White Memorial Boulevard (installed in 2018). The asking price is $4,000,000, translating to a price per square foot of $127.02. The property benefits from its location in a dense retail area, neighboring established businesses such as CVS, Burger King, Walgreens, PNC Bank, Zaxby's, Walmart, Dollar General, and Tractor Supply. Lease terms and rent bumps vary.