The subject property is ideally positioned as the core retail portion of the 78-acre Tattersall Park mixed-use development with retail, housing, hospitality and other uses. The development is well under-way with commitments from notable tenants such as Walk On’s Bistreaux and Bar, Firestone Complete Auto Car, Covenant Classical Schools & Daycare, APCO Employees Credit Union, Brookwood Medical Center, Next Levl Extreme Air Sports, and Taco Bell, promoting crossover traffic and store exposure. Tattersall Park is located at the signalized, hard corner intersection of State Highway 119 (East/West) and US Highway 280 (North/South), two arterial roadways traveling throughout the Birmingham MSA, averaging 74,000 combined vehicles passing by daily. US Highway 280 junctions with Interstate 459 (96,500 additional VPD) less than 4 miles northwest of the subject property, providing a convenient, direct route for consumer access from all over Hoover and the larger metro area. The asset is positioned within a dense retail corridor serving the growing city of Hoover, with nearby national/credit tenants including a Walmart Supercenter, Target, The Home Depot, Lowe’s, and more, further increasing consumer draw to the subject trade area.
The subject’s target trade area extends to the north and the east of the shopping center, and is supported by nearly 21,000 residents with an affluent average household income of $123,500. The 5-mile trade radius is supported by more than 73,000 residents and 43,000 employees with an average household income of nearly $124,000. Furthermore, the subject property is next to the Greystone Golf and Country Club master planned community, with median home values of $545,000 and an average household income of $198,000. The nearby Shoal Creek community also boasts an average home value of $601,000 and an average household income of $118,000 providing a direct, affluent consumer base to draw from.