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Olympia Crossing 11850 Us-231 16,020 SF 100% Leased Retail Building Meridianville, AL 35759 $8,162,945 CAD ($509.55 CAD/SF) 6.77% Cap Rate



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.
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
Building Size
16,020 SF
Year Built/Renovated
2022/2025
Price
$8,162,945 CAD
Price Per SF
$509.55 CAD
Cap Rate
6.77%
NOI
$552,429 CAD
Percent Leased
100%
Building Height
1 Story
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 08-04-19-0-000-032.003 | Improvements Assessment | $93,639 CAD |
| Land Assessment | $45,768 CAD | Total Assessment | $139,407 CAD |
Property Taxes
Parcel Number
08-04-19-0-000-032.003
Land Assessment
$45,768 CAD
Improvements Assessment
$93,639 CAD
Total Assessment
$139,407 CAD
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Olympia Crossing | 11850 Us-231
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