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/
- 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