5084 Pinnacle Sq Birmingham, AL 35235

Property Details for 5084 Pinnacle Sq

Property size

249,000 SF

Property type

Power centers

Property subtype

Retail properties

Description

This exceptional 249,000 square foot power center, located at 5084 Pinnacle Sq in Birmingham, Alabama (zip code 35235), presents a compelling investment opportunity. Situated in Jefferson County, this first-class retail center enjoys a dominant position within a major retail corridor, drawing customers from a 15+ mile radius. Its strategic location offers immediate access to I-59 and I-459, key regional transportation arteries. The property boasts a strong tenant base, with 91% of the gross leasable area occupied by national and regional brands. Recent improvements, driven by new ownership, are transforming the center into a family-friendly destination, featuring enhanced amenities such as improved lighting, greenspace for events, and entertainment options. This revitalization is already yielding positive results, with tenant sales experiencing a 21.39% growth from 2019 to 2021, and annual visitor counts reaching 24 million within a 5-mile radius. The center benefits from its proximity to a top-tier shopping center (6th most visited in Alabama, with 5.6 million annual visitors), and the recent Valley Road Extension further enhances accessibility by diverting US Highway 11 traffic directly in front of the property. Attractive lease terms and tenant allowances are available, creating an ideal environment for local businesses to flourish alongside established anchor tenants. The property's impressive 8.4 million square feet of retail within a 5-mile trade area underscores its significant market potential.

Location Insight

City

Birmingham

County

Jefferson

State

Alabama

Longitude

-86.6445

Latitude

33.6039