Vestavia Hills City Center

Vestavia Hills City Center presents a compelling retail investment opportunity in Birmingham's most affluent submarket. This 389,471 SF multi-phase retail center is strategically positioned in Vestavia Hills, Alabama, commanding a premium location with exceptional demographics including $193K average household income within a 1-mile radius. The property benefits from strong anchor tenants including a high-performing Publix generating $931 PSF in sales, AMC theater (#2 most visited in Alabama), and Planet Fitness. At 93% occupancy with stabilized NOI of approximately $5.89 million, the asset offers immediate cash flow with significant value-add potential through lease-up of 22K SF of existing vacancies and mark-to-market opportunities on 62K SF of below-market rents. Priced in the $80 million range for a mid-7% cap rate, the investment provides low-teens cash-on-cash returns and high-teens leveraged IRR with strong long-term growth prospects supported by the submarket's wealth concentration and proximity to key demand drivers.