5561 Grv Blvd Hoover, AL 35226-4600
The Grove, a 136,618 square-foot power center in Hoover, Alabama, presents a unique investment opportunity. Situated on 1.1 acres (with a total lot size of 48.9 acres), this multi-tenant property boasts a prime location at 5561 Grove Blvd, Birmingham, AL 35226, near the intersection of Interstates 459 and 65. The center benefits from high daily traffic volume, estimated at 79,020 vehicles on I-459 alone. Strong anchors include Marshalls, Petco, and Dollar Tree, with shadow anchors such as Super Target, Kohl's, and At Home, ensuring consistent foot traffic and brand recognition. Built in 2009, the property offers 1,058 parking spaces for customer convenience. This Jefferson County location is within the affluent Birmingham-Hoover metropolitan submarket, a thriving center of commerce, industry, and culture in Alabama. One acre outparcel is also available. This property offers exceptional visibility and accessibility, attracting both local and regional shoppers. The available space presents a compelling opportunity for businesses seeking a high-traffic, well-established retail location in a dynamic market.
land to be zoned PUD shall be in one of the following minimum sizes based upon the proposed use of such tract: A. Five acres, when utilizing a mixed use "village center" design concept comprised of PO Planned Office, PC Planned Commercial uses, and upper-floor and/or townhouse residential components; B. Ten acres, when utilizing PO Planned Office and PC Plan…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
PC · Hoover, ALland to be zoned PUD shall be in one of the following minimum sizes based upon the proposed use of such tract: A. Five acres, when utilizing a mixed use "village center" design concept comprised of PO Planned Office, PC Planned Commercial uses, and upper-floor and/or townhouse residential components; B. Ten acres, when utilizing PO Planned Office and PC Planned Commercial uses (may also include townhouse residential components); C.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.