Talladega Plaza

210 Haynes Street
Talladega, AL 35160

Marketing Materials


JLL is pleased to offer for sale the fee-simple interest in Talladega Plaza, (the “Property” or “Asset”), a two-tenant property located in Talladega, Alabama. The Asset is an outparcel to a Walmart Supercenter within Talladega’s main retail corridor, an area that features a variety of retailers and institutions. The Property consists of two retail tenants, Goody’s and It’s Fashion Metro, both of which are paying below-market rent. Goody’s has over three years remaining on its current lease term, while It’s Fashion Metro has over six years remaining on its current lease term. Both tenants have previously exercised options to renew their respective leases well-before expiration, reflecting their commitment to this location. Upon renewal, Goody’s rent will increase by $2.50/SF in 2024 and It’s Fashion Metro’s rent will increase by $0.50/SF in 2021 and $1.00/SF in 2024. This offering provides investors the opportunity to purchase an asset with minimal landlord responsibilities and significant rent growth upon lease renewal.
  • Primary Broker

    Scott Bailey - Net Lease Broker
    Scott Bailey
    +1 424 901 8204

  • Secondary Broker(s)

    Matthew J. Berres - Net Lease Broker
    Matthew J. Berres

    +1 949 885 2933

  • Jason Gribin - Net Lease Broker
    Jason Gribin

    (310) 694-3192

  • In-State Licensee

    Carter Burwell - Net Lease Broker
    Carter Burwell


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Investment Highlights
• The tenants are operating under a beneficial net lease structure, calling for minimal landlord responsibilities. Both tenants have significant rent escalations upon the commencement of their renewal options, with Goody’s rent increasing by $2.50/SF in 2024 and It’s Fashion Metro’s rent increasing by $0.50/SF in 2021 and $1.00/SF in 2024.
• The Asset is an outparcel to a large shopping center and benefits from traffic generated by various retailers, employers and institutions including Walmart, Brookwood Baptist Health, Talladega County Health Department, Alabama Career Center System and Alabama Institute for Deaf & Blind. Georgia Pacific has a new state-of-the-art lumber production facility under construction just one mile east of the Asset that will employ more than 100 residents.
• Goody’s and It’s Fashion Metro have repeatedly exercised the option to extend their leases well before their leases approached expiration, reflecting their long-term commitment to this location and instilling confidence in the tenants.
• Goody’s and It’s Fashion Metro both offer affordable apparel and accessories. Given Talladega’s demographic profile, both tenants are strategically positioned to serve the market’s main consumer base.
Property Type Retail
Property Address 210 Haynes Street
Talladega, AL 35160
Land In Acres 2.69
Building Size 37,981 Square Feet
Primary Use Department Store
Tenancy Multi-Tenant
Price $2,509,100
Price PSF $66.06
Cap Rate 8.00%
Current NOI $200,728
Tenant Name Goody's
Lease Type NN
Annual Rent $136,637
Rent PSF $6.50
Rent Escalations $2.50 PSF in 2024
Options 1, 5-year option
Lease Expiration Date 1/31/2024
Remaining Term 5.9Yrs