River Ridge Shopping Center

JLL is pleased to present River Ridge Shopping Center, a 98% occupied, 172,318 SF retail asset located along Birmingham's US-280 corridor and adjacent to Mountain Brook, the metro's most affluent submarket with average incomes exceeding $165,000. The property benefits from vehicle traffic exceeding 90,000+ each day, a diverse, high-performing tenant mix, and dynamic Super Target shadow anchor.

Ownership has successfully completed a full repositioning of the center, with new Marshalls, Academy Sports, and Painted Tree leases, providing a weighted average term remaining exceeding 10 years and sustainable sub-$15 PSF average rents. Additionally, New roofs, resurfaced parking lot, and enhanced lighting have been completed, leaving minimal near-term capital needs for future ownership.

River Ridge offers immediate value creation potential with numerous mark-to-market opportunities. Notably, World Market and Dollar Tree pay ~50% below market rents, presenting a clear rent growth potential. The remaining shop tenants are a well curated and high-performing mix of national / regional, and local favorites including: Buffalo Wild Wings, Men's Wearhouse, Carrabba's Italian Grill, and more. These tenants demonstrate exceptional performance, with average tenure approaching 14 years and sales levels near $500 PSF on average.

Please reach out to the deal team to learn more about this opportunity.