Huntsville Strip Center in Rapidly Growing Submarket
122% Population Growth I 91% occupied I AT&T, Mathnasium, Urgent Care
Marketing description
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.
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.
Investment highlights
Recently Constructed, Unanchored Strip Center in a Booming Huntsville Growth Corridor:
- Dual-phase construction (2022 / 2025) significantly limits near-term capital expenditure exposure
- Mark-to-market upside- as current in-place rent present an opportunity to push rates upon lease renewal or re-tenanting
- Positioned within minutes to a $240 million retail development and a planned $50 million hospital campus, reinforcing sustained co-tenancy demand
Explosive Growth in Meridianville — A Submarket on the Move:
- Meridianville has emerged as one of North Alabama’s most dynamic growth corridors, driven by the northward expansion of residential and commercial development radiating from Huntsville proper
- Exceptional Trade Area Demographics: Madison County and the greater Huntsville MSA consistently rank among the fastest-growing metros in the Southeast, supported by sustained federal defense investment at Redstone Arsenal, a thriving aerospace and technology sector, and ongoing in-migration from higher-cost markets
- • Traffic counts exceeding 34,000 VPD along Hwy 231/431
- • 3-mile average household income of $120,394
- • 122% population growth within 3 miles from 2000 to 2025
Huntsville — One of the Fastest-Growing MSAs in the United States:
- The Huntsville MSA is home to over 1.2 million people and ranks as the 15th-fastest-growing metropolitan statistical area in the nation
- Huntsville posted a 2.6% population growth rate in 2025 — ranking among the six fastest-growing cities nationally — and is averaging approximately 11,000 new residents annually
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