3780 Riverchase Village Hoover, AL 35244

Riverchase Village presents a unique investment opportunity as a value-add retail asset. The property is strategically positioned within Birmingham's most affluent and dynamic submarket, specifically in Hoover, Alabama's top retail destination. Benefiting from 22.2 million annual visits, Riverchase Village offers exceptional accessibility due to its pin corner location with direct connectivity to I-459 and a daily traffic volume of 65,000 vehicles. Currently at 65% occupancy, the property provides immediate upside potential through three value creation strategies: leasing the existing 62,547 square feet of vacancy, outparcel development, and inline shop densification. These strategies support a near $1.7 million net operating income increase and a compelling 12.6% five-year compound annual growth rate. Anchored by high-performing tenants, including Alabama's second most visited Best Buy and a top 37% PetSmart, Riverchase Village is complemented by national tenants such as Chicken Salad Chick, Nothing Bundt Cakes, and Newk's Eatery. Tenants demonstrate exceptional performance, with average sales exceeding $564 per square foot and a weighted average tenure of over 28 years. The surrounding trade area exhibits remarkable strength, featuring Alabama's most visited Home Depot and Costco locations, alongside consistent leasing momentum throughout the immediate retail corridor. The property size is 176,211 square feet.