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5291 Airline Rd
Arlington, TN 38002

Falls at Arlington Village - Arlington, TN · Retail Property For Sale

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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

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Storefront Retail/Office

Building Size

18,000 SF

Building Class

LoopNet Rating

4 Star

Year Built

2022

Price

£6,331,850

Price Per SF

£352

Net Initial Yield

6.47%

NOI

£409,502

Percent Leased

73%

Tenancy

Multiple

Number of Floors

Building FAR

0.14

Lot Size

3.00 AC

Frontage

260 ft on Milton Wilson Drive

PROPERTY TAXES

Parcel Numbers	Multiple A0-152-0-0065 A0-151-0-0194	Improvements Assessment	£699,164
Land Assessment	£745,792	Total Assessment	£1,444,956

PROPERTY TAXES

Parcel Numbers

Multiple

A0-152-0-0065
A0-151-0-0194

Land Assessment

£745,792

Improvements Assessment

£699,164

Total Assessment

£1,444,956

Listing ID: 34252332
Date on Market: 20/12/2024
Last Updated:
Address: 5291 Airline Rd, Arlington, TN 38002

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