Selma Shopping Center 2414 Kimble Ave 24,849 SF 100% Leased Retail Building Selma, AL 36703 $3,630,600 ($146.11/SF) 8.75% Cap Rate

Marcus & Millichap is pleased to present the opportunity to acquire a 24,849-square-foot, multi-tenant retail center in Selma, Alabama. Selma Plaza is 100 percent leased, and all leases are triple-net. The center is anchored by Dollar Tree and a top-ranking CATO. The tenant base is a complementary mix of internet-resistant and service-oriented businesses including OneMain Financial, Check 'N Go, and a Nail Salon. Constructed in 2003, the center is situated on a 2.26-acre parcel with ample paved parking. A highly visible double-sided pylon sign provides additional exposure to the center.
Selma Plaza is located off East Highland Avenue, a major east/west thoroughfare in the city. Traffic counts in front of the property exceed 21,828 vehicles per day. Selma Plaza is shadow-anchored by top-performing Walmart Supercenter and near numerous other national and regional retailers including Belk, Shoe Dept., Verizon Wireless, Advance Auto Parts, T-Mobile, Wendy’s, KFC, Little Caesar’s Pizza, It’s Fashion Metro, Hibbett Sports, Popeyes Louisiana Chicken, AutoZone Auto Parts, O’Reilly Auto Parts, and many more. The population is 32,724 residents within a 10-mile radius.