Village at Lee Branch Phase II

JLL is pleased to present Village at Lee Branch Phase II, a 223,300 square foot shopping center located in Birmingham's dominant US-280 retail corridor. The property offers immediate value-creation potential within one of Alabama's most affluent and sought after retail submarkets.

The Center is anchored by Onelife Fitness, Hobby Lobby, and Dollar Tree. Additionally, Village at Lee Branch II benefits from the strong traffic draw of Publix, Dick's Sporting Goods, and Golf Galaxy shadow anchors, making the center in aggregate a Top 20 most visited shopping center in Alabama.

Village at Lee Branch II offers Investors a rare opportunity to continue capitalizing on the current success of the center. Since the announcement of Onelife Fitness, 5 new leases have been signed with Tenants including Peach Cobbler Factory, Sparrow Health & Performance and Stretch Zone, signaling renewed tenant demand and strong leasing velocity. Investors can further enhance the center via lease-up of an additional 41K SF of available shop space and ability to mark-to-market in-place rents, which currently average $17.50 PSF.

Birmingham is a top 50 metro in the United States with over 1.2 million residents and the #5 lowest unemployment rate nationwide at 2.6%. The property benefits from 90,000 average daily traffic counts and serves a highly affluent customer base with $145,000 average household income within one mile.