Selma Shopping Center — Sale in Selma, AL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Selma, AL 36703

Photos

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Investment Figures

Cap rate
9.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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. Investment Highlights: • 24,849-Square-Foot, Multi-Tenant Retail Center | 100% Leased | All Leases Are Triple-Net • Shadow-Anchored by Walmart Supercenter | This Location Ranks in the 68th Percentile for the State of Alabama, Compared to other Walmart Supercenters (Source: Placer.ai) • Anchored by Dollar Tree and a Top-Ranking CATO | CATO Ranks in the Top 91st Percentile Nationwide and 96th Percentile in the State of Alabama (Source: Placer.ai)

Market Context

This retail in Selma, AL is listed for sale. It is offered at an approximate 9.0% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Selma, AL — view the full market.

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