Attributes
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Property Description
Jones Lang LaSalle (JLL) is pleased to exclusively present Homestead Village - a grocery anchored Investment Opportunity located in a highly affluent Birmingham submarket. Homestead Village boasts a highly sought after Tenant line up including national anchors such as ALDI, HomeGoods, Five Below, ULTA, and Petco. The property boasts a secure income stream, boasted by an established, internet-proof tenant lineup with an average term remaining of 7+ years. The Property has thrived throughout COVID with 100% collections in every month since September and overall visits in December 2020 up nearly 1.5% over total visits in December 2019.
Investment Highlights
- Anchored by ALDI - one of the fastest growing retailers in the United States
- Located in Trussville, AL - one of the most affluent submarkets in the Birmingham MSA
- Highly sought after Tenant line up including national retailers such as HomeGoods, Five Below, ULTA, and Petco
- Strategic location advantage in one of the most dominant retail nodes in Alabama with over 8 million SF of retail inventory in a 5 mile radius
- Secure income stream with over 95% of the tenancy representing a national or regional brand.
Jim Hamilton
Senior Managing Director, Capital Markets
License details
NC-LC337: AL-000097341: SC-75571: TN-320889
GA-270038
Brad Buchanan
Senior Director, Capital Markets
License details
AL-129056
GA-351151
SC-79504
TN-356874
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