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Shopping Strip

DaVita/Dollar Tree Strip Center

724 E Battle St, Talladega, AL 35160

Listing Price: $1,850,000

Cap Rate
7.80%
Gross SF
20,100
Rentable SF
20,100
Price/Gross SF
$92.04
Lot Size
2.08 acres
Year Built
1976

Investment Overview

Marcus & Millichap is pleased to present for sale this 20,000 square foot retail strip center located in Talladega, AL. 75% of the property is occupied by long-term national credit tenants (Dollar Tree & DaVita Dialysis), who have both recently exercised 5-year extensions. There is one vacant bay (15% of property) available, which provides future upside to NOI through leasing activity.

Investment Highlights

  • 20,000 square foot multi-tenant retail strip center with 85% occupancy
  • 75% of center is occupied by long-term national credit tenants (Dollar Tree & DaVita), both have exercised new 5-year lease options.
  • Located on busy retail corridor in Talladega, AL. Average daily traffic counts exceed 15,000 VPD

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Shopping Strip

DaVita/Dollar Tree Strip Center

Listing Price: $1,850,000

Cap Rate
7.80%
Gross SF
20,100
Rentable SF
20,100
Price/Gross SF
$92.04
Lot Size
2.08 acres
Year Built
1976

Investment Highlights

  • 20,000 square foot multi-tenant retail strip center with 85% occupancy
  • 75% of center is occupied by long-term national credit tenants (Dollar Tree & DaVita), both have exercised new 5-year lease options.
  • Located on busy retail corridor in Talladega, AL. Average daily traffic counts exceed 15,000 VPD

Investment Overview

Marcus & Millichap is pleased to present for sale this 20,000 square foot retail strip center located in Talladega, AL. 75% of the property is occupied by long-term national credit tenants (Dollar Tree & DaVita Dialysis), who have both recently exercised 5-year extensions. There is one vacant bay (15% of property) available, which provides future upside to NOI through leasing activity.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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