Selma Shopping Center | 2414 Kimble Ave
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Selma Shopping Center 2414 Kimble Ave
24,849 SF 79% Leased Retail Building Selma, AL 36703 £3,226,688 (£130/SF) 8.25% Net Initial Yield
Investment Highlights
- 100% Leased | All Leases Are Triple-Net
- Located Off of East Highland Avenue, a Major East/West Thoroughfare | Traffic Counts in Front of the Property Exceed 21,828 Vehicles per Day
- Tenant Base is a Complementary Mix of Internet-Resistant, Service-Oriented Businesses
Executive Summary
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, a Nail Salon, and Dab City Tobacco & Vape. 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.
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.
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Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
24,849 SF
Building Class
C
Year Built
2003
Price
£3,226,688
Price Per SF
£130
Net Initial Yield
8.25%
NOI
£266,202
Percent Leased
79%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.25
Land Acres
2.26 AC
Zoning
Commercial - Commercial
PROPERTY TAXES
| Parcel Number | 12-04-19-0-003-002.0110 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £281,973 |
PROPERTY TAXES
Parcel Number
12-04-19-0-003-002.0110
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£281,973
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Philip Levy -
Marcus & Millichap
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Selma Shopping Center | 2414 Kimble Ave
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