Map pin4606 Highway 280, Birmingham, AL, 35242-8126, US

River Ridge

River Ridge_Property for Sale

Attributes

Building area net
16,001 m²
Occupancy
75%
Year built
2001
Land area net
9.59 ha

Asset Description

JLL is pleased to announce the opportunity to acquire River Ridge, a 75% leased retail center located along US-280 (95,000 VPD), a highly-sought after retail corridor in Birmingham, AL. The corridor is surrounded by Birmingham's most affluent neighborhoods, including Mountain Brook and Vestavia Hills, and is home to over 5.1M SF of retail inventory at 97% occupancy, leading to 29M annual visits according to Placer.AI.


The property is shadow-anchored by a newly renovated Super Target, and features a brand new Academy Sports, brand new Marshalls, Dollar Tree, and World Market, along with a plethora of other national / regional tenants. River Ridge features immediate upside potential via lease up of ~43,000 SF and mark-to-market of approximately 27,000 SF, leading to a 10-Year CAGR approaching 5.0% and NOI growth exceeding 65%.


Please reach out to the deal team to learn more about this high-quality, value-add opportunity.

...

Investment Highlights

  • Birmingham MSA - Top 50 MSA
  • Significant Leasing Momentum with Immediate Value-Add Potential
  • Highly Sought After US-280 Corridor
  • Multi-Anchor Drawing Power
  • Exceptional Demographics
  • Well-Tenured Shop Lineup
River Ridge 4_Property for Sale
River Ridge 4_Property for Sale
River Ridge (0 Properties)

Contact brokers

Similar properties

View moreChevron Right
Do you have any questions? visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
4 Jun 2024