Riverchase Village

3780 Riverchase Vlg, Hoover, AL, 35244-1288, US

描述

JLL is pleased to present Riverchase Village, a unique opportunity to invest in a value-add retail asset strategically positioned within Birmingham's most affluent and dynamic submarket. Located in Hoover, Alabama's #1 most visited retail node, Riverchase Village benefits from 22.2 million annual visits and features exceptional access via a pin corner location with direct connectivity to I-459 and 65,000 vehicles per day

Currently 65% occupied, the property offers immediate upside potential through three distinct value creation strategies: leasing 62,547 SF of existing vacancy, outparcel development, and inline shop densification. These levers support a near $1.7M NOI increase and a compelling 12.6% five-year CAGR.

Riverchase Village is anchored by high-performing tenants including Alabama's #2 most visited Best Buy and a top 37% PetSmart, complemented by premier national tenants such as Chicken Salad Chick, Nothing Bundt Cakes, and Newk's Eatery. Tenants demonstrate exceptional performance with average sales exceeding $564 PSF and a weighted average tenure of 28+ years. The surrounding trade area exhibits remarkable strength, featuring Alabama's #1 most visited Home Depot and Costco locations, alongside consistent leasing momentum throughout the immediate retail corridor.

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特性

使用／出租率

65%

落成年份

1980

媒體

投資亮點

IMMEDIATE & SIGNIFICANT VALUE-ADD OPPORTUNITY 62.5K SF of Vacancy, Outparcel Development Opportunity and Inline Shop Densification Potential Resulting in 12.6%+ CAGR
HIGH-PERFORMING & ESTABLISHED TENANCY Top Ranked Anchors and Avg. Shop Sales of $564 PSF with Nearly 30-Years wtd. Avg Tenure
CENTRALLY LOCATED IN BIRMINGHAM’S #1 MOST VISITED RETAIL NODE 22.2M Annual Visits
STRONG DEMOGRAPHICS $135K+ Avg. HH Income
PIN CORNER LOCATION Strong Traffic Counts (65K VPD) & Multiple Signalized Access Points
MULTI-ANCHOR DRAWING POWER #2 Best Buy in AL / Top 37% PetSmart in AL