Selma Shopping Center
Walmart Shadow-Anchored Retail Center : Top-Performing Walmart Location : 100% Leased : NNN Leases
Marketing 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 on triple-net terms. 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 Mbekkeel Scalp & Braid Bar. 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 Nationwide Liquidators, Shoe Dept., Verizon Wireless, Advance Auto Parts, T-Mobile, Wendy’s, KFC, Little Caesars 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 Drives 2.4 Million Visits Annually and Ranks in the 71st Percentile for the State of Alabama, 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 90th Percentile Nationwide and 96th 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 Shoe Department, Citi Trends, Nationwide Liquidators, 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 $150 Per Square Foot
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