2414 Kimble Ave - Freestanding FOR SALE


Selma, AL 36703
$4,084,364 USD
972-755-5225
2414 Kimble Ave, Selma, AL for Sale
$4,084,364 USD
Freestanding - FOR SALE
1/12
null | 8.25% Cap Rate

2414 Kimble Ave
Selma, AL 36703


HIGHLIGHTS

  • 100% Leased | All Leases Are Triple-Net
  • Tenant Base is a Complementary Mix of Internet-Resistant, Service-Oriented Businesses
  • Located Off of East Highland Avenue, a Major East/West Thoroughfare | Traffic Counts in Front of the Property Exceed 21,828 Vehicles per Day

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,084,364 USD

PRICE/SF

$137 USD /SF

CAP RATE

8.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Selma Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.26 AC

LAND SF

98,446 SF

ZONING

Commercial

APN/PARCEL ID

12-04-19-0-003-002.0110

ASK ABOUT THIS PROPERTY

Philip LevyMarcus & MillichapMore Info
972-755-5225

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Philip LevyMarcus & MillichapMore Info
972-755-5225

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.