5291 Airline Rd | Arlington, TN 38002
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5291 Airline Rd
Arlington, TN 38002
Falls at Arlington Village - Arlington, TN · Retail Property For Sale
Investment Highlights
- Arlington is Situated in the Memphis MSA Within 30 Minutes of the City Center Providing Access to a Large and Diverse Consumer Base
- The Area Boasts a Median Household Income of $125,332, Significantly Higher Than State and National Averages
- Situated on 3 Acres, With a Gross Leasable Area of 18,000 Square Feet, the Center Benefits From Close Proximity to Major Retail Tenants
- Arlington’s Population Has Grown Over 34% Since 2010, Reaching Approximately 15,435 in 2024, Driven By Suburban Expansion
- Limited Retail Space in Arlington, Coupled With a Growing Population, Creates a High-Demand Environment With Low Vacancy Rates
- With a 93% Occupancy Rate and Only 1,200 SF Vacant, the Center Offers Reliable Cash Flow With Opportunities For Growth Through Lease-up
Executive Summary
Sands Investment Group is Pleased to Exclusively Offer For Sale the 18,000 SF Falls at Arlington Village Strip Center Located at 5291 Airline Road in Arlington, TN. This Deal is Situated on 3 Acres, With Gross Leasable Area of 18,000 Square Feet, the Center Benefits From Close Proximity to Major Retail Tenants Such as Kroger, Whataburger, Starbucks, AT&T, Chipotle and More, Providing For a Secure Investment.
In Cooperation With Sands Investment Group Tennessee, LLC - Lic. #263973 BoR: Tom Gorman - Lic. TN #370394
In Cooperation With Sands Investment Group Tennessee, LLC - Lic. #263973 BoR: Tom Gorman - Lic. TN #370394
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
18,000 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2022
Price
$7,900,000
Price Per SF
$439
Cap Rate
6.47%
NOI
$510,919
Percent Leased
73%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
3.00 AC
Frontage
260 FT on Milton Wilson Drive
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $872,320 | |
| Land Assessment | $930,495 | Total Assessment | $1,802,815 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$930,495
Improvements Assessment
$872,320
Total Assessment
$1,802,815
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