SOLD – Centre at Riverchase

Strong National Tenant Lineup
- 62% of GLA and Revenue are generated by national or regional tenants, including:
  - Crunch Fitness (2031)
  - Guitar Center (2030)
  - AutoZone (2034)
Sticky Tenancy & Long Weighted Average Lease Term (WALT)
- Significant leasing momentum with renewals, expansions, and new leases from multiple tenants
- Major tenants have lease terms extending through 2030s
- Below market rents across the rent roll
High Occupancy with Upside
- 94% occupied with three vacant spaces (7,855 SF) offering value-add lease-up potential at market rates
- Ability to Mark to Market near term tenant expirations and lease-up of vacant suites
Recent Capital Improvements
- Roof replacements completed in 2020 and 2025
- New Façades in 2023
Well-Balanced Tenant Mix
- Over 50% of GLA is service-based (e.g. salons, gyms, education, or restaurants), which are internet-resistant and generate repeat customer visits
Prime Hoover Submarket Location
- Hoover is Alabama’s fifth-largest municipality and a high-income suburb of Birmingham
- $115,000 average HH income within 5 miles—ideal for tenants serving middle-upper income households
Proximity to Riverchase Galleria
- 1.9M SF mall with 7M annual visitors nearby drives traffic to the corridor
- This is the most established retail node in Birmingham with more than 90k Vehicles per Day on Montgomery Hwy