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Marcus & Millichap Brokers $2.4M Sale Of Talladega Shopping Center In Alabama

Property Image
SOLD
$2,400,000

Alabama

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Retail47,437 SF
Sold 08/18/2025
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Property Image
SOLD

Marcus & Millichap Brokers $2.4M Sale Of Talladega Shopping Center In Alabama

803 East Battle Street

See Similar Deals
Retail47,437 SF
Sold 08/18/2025
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Summary

ALABAMA
Asset Type:Retail
Price Per Square Foot:$50
Total Square Footage:47,437 SF
Transaction Type:Sale

The property asset involved in this transaction is a retail property located at 803 East Battle Street in Talladega, AL. The sale occurred on August 18, 2025, with a transaction amount of $2,400,000. The property encompasses 47,437 square feet and was sold at a price per square foot of $51. Built in 1981, this retail center occupies 3.6 acres and was 88% leased at the time of sale, with notable tenants including Citi Trends and Standard Furniture.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,400,000
  • Square Footage: 47,437
  • Address: 803 East Battle Street
  • Market: Talladega, AL
  • Price per Square Foot: $51
  • Year Built: 1981
  • Leased Percentage at Sale: 88%
  • Anchoring Tenants: Citi Trends, Standard Furniture
  • Other Tenants: Regional Finance, AT&T
  • Brokers: Eric Abbott and Zachary Taylor - Marcus & Millichap

Eric Abbott and Zachary Taylor from Marcus & Millichap represented the seller in this transaction, facilitating the sale of the Talladega Shopping Center. This center, located on a 3.6-acre lot, includes a mix of national and regional tenants contributing to its occupancy rate at the time of sale.

Players

Zachary (Zach) Taylor
42 deals$355.9M volume(678) 808-2780
BROKER

Eric Abbott
Marcus & Millichap
30 deals$169.6M volume(678) 808-2746
BROKER

Marcus & Millichap
BROKERAGE

Details

SOLD
IMAGE: 08/18/2025 ADDRESS: 803 East Battle Street MARKET: Talladega, AL ASSET TYPE: Retail BROKERS: Eric Abbott & Zachary Taylor - Marcus & Millichap SALE PRICE: $2,400,000 SF: 47,437 ~ PPSF: $51 NOTE: Marcus & Millichap brokered the $2.4M sale of Talladega Shopping Center, a 47,437 sq. ft. retail property in Talladega, AL, anchored by Citi Trends and Standard Furniture. Built in 1981 on 3.6 acres and 88% leased at sale, the center also houses Regional Finance and AT&T, with Eric Abbott and Zachary Taylor representing the seller.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$127,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69