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11615 Highway 70
Arlington, TN 38002

Arlington Shops · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront
Building Size
15,775 SF
Building Class
B
Year Built
2005
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
1.48 AC
Zoning
IH
Parking
100 Spaces (5.88 Spaces per 1,000 SF Leased)
Frontage
311 FT on Airline Rd

Amenities

  • Signage
  • Drive Thru

About 11615 Highway 70 , Arlington, TN 38002

The Arlington Shops is a 15,775 square foot, high-quality, grocery anchored retail shopping center in the heart of Arlington, TN, the fastest growing community in the Memphis MSA and the 3rd fastest in the state of Tennessee. At 91.13% occupancy, the center boasts a current NOI of approximately $238,814 and features national recognized tenants including UPS, Subway, Pizza Hut, and Goodwill. Located in the Northeast submarket, the property enjoys frontage along Highway 70 as well as Airline Road, with convenient access to Interstate 40, Highway 385, Arlington High School and neighboring communities. The Arlington Shops feature functional design with good visibility, ingress/egress, generous parking and signalized access to approximately 16,000 ± cars per day along Highway 70. The center benefits from cross-shopping with a separately owned Kroger location, currently the only grocery operator in the town of Arlington. With a stable operating history and the benefit of a strategic location, the property offers investors a reliable high-quality income stream and the opportunity for income growth with conservative fundamentals.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
A0-141-0-0378
Land Assessment
$186,280
Improvements Assessment
$895,160
Total Assessment
$1,081,440
  • Listing ID: 13976516

  • Date on Market: 10/5/2018

  • Last Updated:

  • Address: 11615 Highway 70, Arlington, TN 38002

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