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    2414 Kimble Rd Manila, AL 36703

    Sponsored
    For Sale
    $4,084,364

    High-yield, 100% occupied retail center

    Property size:
    24,849 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 24,849-square-foot shopping center in Selma, Alabama, presents a compelling investment opportunity. Boasting 100% occupancy with eight tenants, including Dollar Tree and a high-performing CATO, this property offers a diverse mix of internet-resistant and service-oriented businesses. All leases are triple-net (NNN), providing a stable income stream. The center is shadow-anchored by a top-performing Walmart Supercenter, benefiting from its significant consumer traffic. Built in 2003, the property sits on a 2.26-acre lot with ample parking and a highly visible pylon sign. Located off East Highland Avenue, a major thoroughfare with over 21,828 vehicles passing daily, the center enjoys excellent visibility and accessibility. The property's strong tenant base, prime location, and high occupancy rate contribute to a compelling 8.25% cap rate and a $336,960 net operating income (NOI). The asking price is $4,084,364, translating to $164.37 per square foot. The surrounding area includes numerous national and regional retailers, further enhancing the center's appeal. With a population of 32,724 within a 10-mile radius, this Selma shopping center offers a secure and profitable investment prospect.

    Property Features for 2414 Kimble Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    24,849 SF
    Lot Size
    98,446 SF

    Building Details

    Year Built
    2003
    Units
    8

    HighLights

    • 24,849‑square‑foot multi‑tenant retail center in Selma, Alabama.
    • 100% leased; all leases are triple‑net (NNN).
    • Shadow‑anchored by a high‑traffic Walmart Supercenter.
    • Anchored by Dollar Tree and a high‑performing CATO.
    • Tenant mix includes internet‑resistant and service‑oriented businesses.
    • Located on East Highland Avenue with over 21,828 vehicles per day.
    Property Profile Location Intelligence

    Current Use by Public Records

    OneMain Financial Loan Agency Check `n Go Loan Agency Dollar Tree Dollar Store L & D Nails Nail Salon Dab City Tobacco ... Tobacco Shop

    Suggested Use

    Computer & Electronic Repair

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Manila
    County
    Dallas
    State
    Alabama
    Longitude
    -87.01118022
    Latitude
    32.43302257

    Nearby Comparable

    • $5,375,000
      133,710 SF

      Selma Multifamily Investment Opportunity

      120-unit apartment community in Selma, Alabama, with value-add potential.
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    • $39,900
      1,340 SF

      Commercial Land in Selma, Alabama

      Commercial land suitable for office, parking, or redevelopment.
      2200 Broad St, Selma, AL 36701
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    • $199,900
      42.00 Acres

      42 Acres of Versatile Land

      Expansive land in Dallas County for building, recreation, or investment.
      Matthew Ln, Selma, AL 36703
      View Details
    • $3,889,000

      Mixed-Asset Portfolio in Dallas County

      17-property portfolio with mobile home communities, industrial shell, and commercial land.
      1903 Highway 14 E, Selma, AL 36703
      View Details
    • Contact for pricing

      Selma Corner Lot: Prime Commercial Land

      High-traffic corner lot, ideal for development.
      0 Highland Ave, Selma, AL 36701
      View Details
    • $111,500

      Selma Commercial Building Investment

      Prime Selma location, great potential.
      1609 Broad St, Selma, AL 36701
      View Details
    • $360,184

      Selma Commercial Building Opportunity

      Prime Selma location, great investment potential.
      198 Highland Ave, Selma, AL 36701
      View Details
    • $30,000

      Selma Avenue Commercial Corner Lot

      Prime Selma location, retail/residential potential.
      1505 Selma Ave, Selma, AL 36703
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - High-yield, 100% occupied retail center
    Where is this lifestyle center located?
    The property is located at 2414 Kimble Rd Manila, AL.
    What is the asking price?
    The asking price for this property is $4,084,364.
    What are key features of this property?
    This property features: 24,849-square-foot multi-tenant retail center in Selma, Alabama.; 100% leased; all leases are triple-net (NNN).; Shadow-anchored by a high-traffic Walmart Supercenter.
    Request Owner's contact information
    2414 Kimble Rd Manila, AL 36703
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    Manila, AL 36703
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2414 Kimble Rd Manila, AL 36703
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