Spring Hill Village
Spring Hill Village | Grocery Anchored Investment Opportunity | 4%+ CAGR | 2 Undeveloped OPs | $156K
Marketing description
JLL as advisor is pleased to present Spring Hill Village located in Mobile, AL, United States.
This property represents a unique opportunity for institutional investors to acquire a fully occupied retail asset with a storied heritage and strategic positioning in a thriving market. Spring Hill Village offers a compelling value-add investment due to its prime location and sustained occupancy.
Spring Hill Village boasts a substantial 111,627 sqft of retail space and has maintained a 100% occupancy rate, ensuring stable cash flow. The property was originally built in 1961 and has remained a cornerstone of retail activity in the region, offering an array of shopping and dining experiences that attract significant foot traffic.
Strategically situated in Mobile, AL, Spring Hill Village benefits from excellent transportation access and is in proximity to burgeoning developments that enhance its value proposition. The area's demographic trends reveal a growing consumer base, while continued investments in infrastructure bolster its position as a focal point for retail expansion.
The investment thesis for Spring Hill Village projects stability and potential growth. With its strategic location and solid occupancy, the asset promises robust cash flow and opportunities for value creation through tenant improvements and market repositioning in the dynamic Mobile retail landscape.
Investment highlights
- Grocery-Anchored Investment Offering with 10+ Years Term Remaining And Robust Sales Growth
- Significant Value-Add Potential via Several Mark-to-Market Opportunities (5.0% Five Year CAGR)
- Sustainable In-Place Rents (Rents are on average 44% Below Market)
- Super-Regional Access Via I-65 (91,336 VPD)
- Highly Affluent Consumer Base with $156K+ AHHI within a 1 Mile Radius
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