2414 Kimble Rd Manila, AL 36703

Property Details for 2414 Kimble Rd

Year built

2003

Lot size

2.26 lot acres

Property size

24,849 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

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.

Location Insight

City

Manila

County

Dallas

State

Alabama

Longitude

-87.0112

Latitude

32.433