Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2006
Building Area
Land Area ()

Property Description

Jones Lang LaSalle (JLL), in conjunction with Ten-X, is pleased to offer for sale Pinnacle at Tutwiler Farm - a North Birmingham Multi-Anchor Investment Opportunity with a compelling value-creation opportunity at a significant discount to replacement cost.​ The 248,989 SF open-air retail center is located in Trussville, AL, a dominant retail corridor located approximately 10 miles northeast of Downtown Birmingham, garnering over 24 million annual visitors to the immediate 5-mile trade area.​


Anchored by At Home, Best Buy, Belk (Shadow), and JCPenney (Shadow), Pinnacle at Tutwiler Farm benefits from Multi-Anchor Drawing Power and boasts a line-up of National and Regional Tenants complimenting all aspects of modern retailing concepts.​ 


Pinnacle at Tutwiler Farm will be sold via the Ten-X Commercial platform with the auction occurring from March 22nd - 24th, 2021.​ Please refer to the Ten-X listing at the following link to view the listing and access the offering materials: https://www.ten-x.com/commercial/listing/5006-pinnacle-sq-trussville-al-35235/1000014299/

Investment Highlights

  • Location Advantage - Dominant Retail Corridor in the Highly Sought-After Birmingham MSA (Top 50 MSA in the United States)
  • ​Immediate Value-Creation Opportunity (75% Occupied - over 61,000 SF of immediately space to lease up)
  • ​Multi-Anchor Drawing Power (At Home, Best Buy, Belk - Shadow, JCPenney - Shadow)
  • ​Significant Discount to Replacement Cost
  • ​Diversified, Synergistic Tenancy Mix


Last Updated Date: 17 Feb 2021
Brad Buchanan
Brad Buchanan
Senior Director, Capital Markets
License details
AL-129056 GA-351151 SC-79504 TN-356874
Jim Hamilton
Jim Hamilton
Senior Managing Director, Capital Markets
License details
NC-LC337: AL-000097341: SC-75571: TN-320889 GA-270038

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Last Updated Date: 17 Feb 2021

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