Riverchase Village — Sale in Hoover, AL
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Hoover, AL 35244
- Size: 62,547 SF
- Year built: 1980
Photos
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.
Market Context
This retail in Hoover, AL is listed for sale across 62,547 SF. The building dates to 1980. Compare it against other retail listings for sale in Hoover, AL — view the full market.
Contact
- Brad Buchanan · 4049423192 · brad.buchanan@jll.com
- Jim Hamilton · 4049422212 · jim.hamilton@jll.com
- Andrew Kahn · 4049422223 · andrew.michols@jll.com
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