Value-Add Retail Asset
For Sale
Contact for pricing
Pending
3780 Riverchase Village, Hoover, AL 35244
Value-add retail asset in Birmingham's dynamic submarket.
Property Size176,211 SF
Days on Market98
Property Features for 3780 Riverchase Village
General Information
Standard status
Pending
Size
176,211 SF
Property subtype
Retail
Investment Type
Value Add
Building Details
Year Built
1980
Year Renovated
2016
Tenancy
Multi
Listing Agency:
JLL - Atlanta, Georgia
(404) 942-2212
Listed By:
Jim Hamilton · License #GA 270038
Source:
Crexi
Added: May 26
Changed: Aug 28
Last Checked: Aug 28 at 11:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL - Atlanta, Georgia
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Value‑add retail asset in Birmingham's most affluent submarket.
- Located in Hoover, Alabama's #1 most visited retail node with 22.2 million annual visits.
- Immediate upside potential through leasing, outparcel development, and shop densification.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,585
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35244, AL
37,448
Population
15,189
Households
2.5
Avg Household Size
39
Median Age
60%
College-Educated
97%
High-School Grad
23.9 sq mi
ZIP Area
1,567
Density / Sq Mi
$114,172
Median Household Income
$61,660
Median Earnings
$1,413
Median Rent
$390,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- The Plaza At Riverchase — Montgomery Hwy, Hoover, AL 35244
- Galleries At Riverchase — 3075 John Hawkins Pkwy, Hoover, AL 35244
- Riverchase Village — 3780 Riverchase Village, Hoover, AL 35244
- Sunglass Hut — 2000 Galleria Cir, Hoover, AL 35244
- ecoATM — 3000 Galleria Cir, Birmingham, AL 35244
Frequently Asked Questions
What type of property is this?
Shopping center - Value-add retail asset in Birmingham's dynamic submarket.
Where is this shopping center located?
The property is located at 3780 Riverchase Village Hoover, AL.
What are key features of this property?
This property features: Value‑add retail asset in Birmingham's most affluent submarket.; Located in Hoover, Alabama's #1 most visited retail node with 22.2 million annual visits.; Immediate upside potential through leasing, outparcel development, and shop densification.
