Hoover Square 2 Retail Properties Offered at $16,250,000 in Birmingham, AL

Hoover Square is 93,000 square feet and 100% occupied
with long-standing tenants. It is strategically located along
U.S. Highway 31, less than a quarter mile north of I-459, placing it at the center of one of Birmingham’s largest and most
established regional shopping hubs. The center is anchored
by TJ Maxx and HomeGoods. The TJ Maxx is the # 2 most
visited TJ Maxx in the State of Alabama and the HomeGoods
is the # 4 most visited HomeGoods in the State of Alabama
according to Placer.ai., driving strong and consistent traffic
to the property.
The property benefits from over 550’ of frontage along U.S.
Hwy 31, exposure to +/-36,000 vehicles per day, dedicated
turning lanes and three curb cuts, providing exceptional visibility, access and traffic flow.
The surrounding community continues to experience steady
growth and is notable for its strong household incomes and
spending power. Hoover Square offers retailers excellent
visibility, convenient access, and a well-balanced tenant mix.
The center is 100% occupied bt long-standing tenants (TJMaxx 1983, expanded twice) and HomeGoods(2002). The
property comprises more than 93,000SF of well-maintained
retail space and features a favorable parking ratio of 5.58
spaces per 1,000SF, further enhancing functionality for both
tenants and customers. Ownership has consistently maintained the asset to a high standard, positioning Hoover
Square as a premier neighborhood and regional retail destination.