Selma Shopping Center

Price: $4,084,364
Sq. Ft.: 24,849
Cap Rate: 8.25%
Built: 2003

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.

  • 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 84th Percentile for the State of Alabama and 81st Percentile Nationwide, Compared to other Walmart Supercenters Based on Consumer Traffic (source: Placer Labs Inc.)
  • Anchored by Dollar Tree and a Top-Ranking CATO | CATO Ranks in the Top 93rd Percentile Nationwide and 97th Percentile in the State of Alabama Based on Consumer Traffic (source: Placer Labs Inc.)
  • 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
  • West of Selma Mall, Featuring a Tenant Line-Up of Belk, Shoe Department, Hibbett Sports, and More
  • Selma is the County Seat of Dallas County in the Black Belt Region of South Central Alabama
  • The City is Located 50 Miles West of Montgomery, Alabama
  • Priced at $164 Per Square Foot