Hoover Square Retail FOR SALE


Birmingham, AL - Hoover/Vestavia Hills
$16,250,000 USD
205-531-7475
, Birmingham, AL for Sale
$16,250,000 USD
Retail - FOR SALE
1/2
null | 6.7% Cap Rate

Hoover Square
Birmingham, AL
Hoover/Vestavia Hills


HIGHLIGHTS

  • 100% Leased
  • TJ MAxx & Homegoods Anchor
  • Highly Visible Shopping Center on major HWY

OVERVIEW

Hoover Square is 93,000 square feet and 100% occupied with long-standing tenants. It is strategically located along U.S. Highway 31, less than a quarter mile north of I-459, placing it at the center of one of Birmingham’s largest and most established regional shopping hubs. The center is anchored by TJ Maxx and HomeGoods. The TJ Maxx is the # 2 most visited TJ Maxx in the State of Alabama and the HomeGoods is the # 4 most visited HomeGoods in the State of Alabama according to Placer.ai., driving strong and consistent traffic to the property. The property benefits from over 550’ of frontage along U.S. Hwy 31, exposure to +/-36,000 vehicles per day, dedicated turning lanes and three curb cuts, providing exceptional visibility, access and traffic flow. The surrounding community continues to experience steady growth and is notable for its strong household incomes and spending power. Hoover Square offers retailers excellent visibility, convenient access, and a well-balanced tenant mix. The center is 100% occupied bt long-standing tenants (TJMaxx 1983, expanded twice) and HomeGoods(2002). The property comprises more than 93,000SF of well-maintained retail space and features a favorable parking ratio of 5.58 spaces per 1,000SF, further enhancing functionality for both tenants and customers. Ownership has consistently maintained the asset to a high standard, positioning Hoover Square as a premier neighborhood and regional retail destination.

ASK ABOUT THIS PROPERTY

Andrew LovemanHSC Commercial Properties, LLCMore Info
205-531-7475

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Andrew LovemanHSC Commercial Properties, LLCMore Info
205-531-7475

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.