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Executive Summary

Colliers is pleased to present Olympia Crossing, a best-in-class, +/- 16,020-square-foot new-construction, unanchored strip center
strategically positioned in the rapidly expanding Huntsville, Alabama market. Situated along Highway 231/431 — a high-visibility corridor
carrying in excess of 34,000 vehicles per day — the property is located within the Meridianville submarket, which has experienced extraordinary
population growth of 122% from 2000 to 2025.
Olympia Crossing benefits from a diversified, necessity-driven tenant roster comprised entirely of medical, restaurant, and service-oriented tenants,
providing strong insulation against economic volatility. The property sits within immediate proximity to North Village Town Center, a $240 million
mixed-use development headlined by Target and Home Depot, encompassing more than 500,000 square feet of retail. In addition, Huntsville
Hospital has announced plans to develop a $50 million emergency room and imaging center on land adjacent to North Village Town Center — further
anchoring the corridor as a regional destination.
Additional upside is available through the lease-up of one remaining 1,400 SF vacancy, presenting an investor the opportunity to drive incremental
NOI upon acquisition. The surrounding trade area reflects an affluent consumer base, with an average household income of $120,394 within a 3-mile
radius. Olympia Crossing represents a compelling opportunity to acquire a recently constructed, strip center in one of the most sought-after growth
markets in the Southeast — the Huntsville MSA, recognized as the 15th-fastest-growing metropolitan area in the nation.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
16,020 SF
Building Class
B
Year Built/Renovated
2022/2025
Price
$5,900,000
Price Per SF
$368.29
Cap Rate
6.77%
NOI
$399,284
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.43
Lot Size
0.85 AC
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Nearby Major Retailers

Regions Bank
First American Bank
Publix

Property Taxes

Property Taxes

Parcel Number
08-04-19-0-000-032.003
Land Assessment
$33,080
Improvements Assessment
$67,680
Total Assessment
$100,760
  • Listing ID: 40741767

  • Date on Market: 6/1/2026

  • Last Updated:

  • Address: 11850 Us-231, Meridianville, AL 35759

Contact the Sale Advisor

Olympia Crossing | 11850 Us-231

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