5291 Airline Rd - Storefront Retail/Office FOR SALE
Arlington, TN 38002 |
$7,900,000 USD
512-729-6323
5291 Airline Rd
Arlington, TN 38002
HIGHLIGHTS
- Arlington is Situated in the Memphis MSA Within 30 Minutes of the City Center Providing Access to a Large and Diverse Consumer Base
- Arlington’s Population Has Grown Over 34% Since 2010, Reaching Approximately 15,435 in 2024, Driven By Suburban Expansion
- The Area Boasts a Median Household Income of $125,332, Significantly Higher Than State and National Averages
- Limited Retail Space in Arlington, Coupled With a Growing Population, Creates a High-Demand Environment With Low Vacancy Rates
- Situated on 3 Acres, With a Gross Leasable Area of 18,000 Square Feet, the Center Benefits From Close Proximity to Major Retail Tenants
- With a 93% Occupancy Rate and Only 1,200 SF Vacant, the Center Offers Reliable Cash Flow With Opportunities For Growth Through Lease-up
OVERVIEW
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
FOR SALE DETAILS
PRICE
$7,900,000 USD
PRICE/SF
$439 USD /SF
CAP RATE
6.47%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Falls at Arlington Village - Arlington, TN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Office
ADD'L SUBTYPES
Storefront, Supermarket, Department Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2022
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
3 AC
LAND SF
130,680 SF
ZONING
-
APN/PARCEL ID
A0-152-0-0065
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512-729-6323
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512-729-6323
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