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3780 Riverchase Village
Hoover, AL 35244
Retail Property For Sale
Investment Highlights
- Immediate & Significant Value-Add Opportunity
- Centrally Located in Birmingham's #1 Most Visited Retail Node
- Pin Corner Location & Signalized Access
- High-Performing & Established Tenancy
- Strong Demographics
- Multi-Anchor Drawing Power
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
176,211 SF
Building Class
B
Year Built/Renovated
1980/2016
Percent Leased
65%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
6 Exterior
Zoning
PC
Amenities
- Pylon Sign
- Signalized Intersection
Property Taxes
| Parcel Number | 39-00-13-4-000-011.005 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,280,000 |
Property Taxes
Parcel Number
39-00-13-4-000-011.005
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,280,000
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