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32918215

3780 Riverchase Village, Hoover, AL 35244

JH
GA 270038, AL 97341
JLL - Atlanta, Georgia
BB
GA 351151, AL 000129056-0
JLL - Atlanta, Georgia
JLL Atlanta
Listed by JLL - Atlanta, Georgia, JLL Atlanta
Unpriced
9 days on market
Updated 9 days ago

Riverchase Village

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 176,211
Net Rentable (SqFt) 176,211
Tenancy Multi
Year Built 1980
Year Renovated 2016
Investment Type Value Add
Ground Lease No

River Chase Village | Value-Add Investment Opportunity | 65% Occupancy | 12% CAGR

Marketing description

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.

Investment highlights

  • 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

Listing Contacts

JH
GA 270038, AL 97341
JLL - Atlanta, Georgia
BB
GA 351151, AL 000129056-0
JLL - Atlanta, Georgia
JLL Atlanta
Listed by JLL - Atlanta, Georgia, JLL Atlanta

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