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

Property Details for 111-115 Stephen J White Memorial Blvd

Year built

1967

Lot size

2.20 lot acres

Property size

31,492 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

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.

Location Insight

City

Talladega

County

Talladega

State

Alabama

Longitude

-86.0949

Latitude

33.4367