3240 Memorial Pky NW
Huntsville, AL 35810
Retail Property For Sale

Colliers is pleased to offer qualified investors the opportunity to acquire a +/-83,700 SF, retail center in Huntsville, AL. anchored by Tractor Supply Company (27,500 sf), Farmers Furniture (21,088 sf) and a former Big Lots box (35,112 sf). Originally developed in 1990 as a free-standing Walmart store, this property was later renovated, subdivided, and occupied by three tenants after a new Walmart Supercenter was developed nearby. The subject property features longstanding tenants at very competitive rents, which are currently below market, offering upside to the next owner.
Additionally, the asset includes a +/-2.13 acre unimproved parcel available for expansion of the center.
Furthermore, Huntsville Commons is located along the primary retail corridor with nearby surrounding retailers including Walmart, Lowe’s, Rural King, Kroger, Costco, Home Depot, Aaron’s, Cato, Value Village, Taco Bell, McDonalds, Starbucks, CVS, O’Reilly, AutoZone, Verizon, Dunkin, Starbucks, Wendy’s, and many others. The submarket is experiencing strong development momentum, driven by tenant demand. It’s also located near Alabama A&M University, with 6,000 students and 800 faculty. Lastly, the subject property is immediately accessible to I-565.
This center has enjoyed a long, stable history of operation since it was constructed, professionally owned and managed by the Seller for the past twenty years. The vacancy at the subject property allows for the ability to substantially increase revenue by leasing the largest space at today's current market rent. There is also the potential to develop the +/-2.13 unimproved parcel. Existing tenant legacy rents are well below market today.
Huntsville MSA is one of the 15th fastest growing MSAs in the nation, adding almost 14,000 residents in 2024 alone. Huntsville recently overtook Birmingham and became the largest city in the state of Alabama. Home to the economic engine: The Redstone Arsenal, a military base with over 75 tenant agencies, the Arsenal has an annual payroll of $3.3 billion. Not only does Redstone economically impact North Alabama, it also significantly impacts the entire region. Furthermore, Mazda Toyota opened a $2.3 billion plant, a 3.7 million-square foot facility in Huntsville, which has a spin-off effect of 16,000 jobs. Notably, in September 2025, the White House announced that the U.S. Space Command will be relocating to Huntsville, which could create an additional 30,000 jobs. In summary, the Huntsville MSA is transforming into one of the most highly sought-after MSAs in the nation.