1220 Highland Ave Selma, AL 36703

This exceptional investment opportunity presents a prime, 2,808-square-foot free-standing retail building in Selma, Alabama. Located at 1220 E Highland Ave, this single-tenant property enjoys a highly visible corner location, attracting 26,650 vehicles daily. The building, constructed in 1998 and renovated in 2018, is currently 100% occupied by AT&T, the only such retailer in Selma. The current lease, a Net Lease (NN) agreement, has a remaining term of 2.8 years, with a three-year option already exercised by the tenant, and one additional three-year option remaining. The property sits on a 22,500-square-foot lot and is zoned for commercial use. The asking price is $999,000, representing a cap rate of 7.57% and a price per square foot of $355.77. The current Net Operating Income (NOI) is $75,578, with a rent bump of $80,472 at the next option. This property benefits from its strategic location within Selma's primary retail area, near major national retailers such as Walmart, T-Mobile, and others, serving a regional trade area encompassing 14 counties and over 350,000 residents. Seller financing is available up to 65% Loan-to-Value (LTV). This is a rare opportunity to acquire a stable, high-performing retail investment in a strong market.