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Falls at Arlington Village - Arlington, TN 5291 Airline Rd

18,000 SF 73% Leased 4-Star Retail Building Arlington, TN 38002 $11,370,391 CAD ($632 CAD/SF) 6.47% Cap Rate

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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

$11,370,391 CAD

Price Per SF

$632 CAD

Cap Rate

6.47%

NOI

$735,361 CAD

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

MAJOR TENANTS

Bot's Boxing Fitness
Retailer
1,200 SF
$50.38 CAD
Net
Feb 2034

Camryn & Craig Boutique
Retailer
1,200 SF
$50.38 CAD
Net
Jun 2034

Chicken Salad Chick
Accommodation and Food Services
2,700 SF
$42.57 CAD
Net
Sep 2033

My Eye Doctor
Health Care and Social Assistance
2,400 SF
$49.66 CAD
Net
May 2032

Playa Bowls
Retailer
1,200 SF
$43.18 CAD
Net
Jan 2035

Real Wellness & Aesthetics
Retailer
1,200 SF
$43.18 CAD
Net
Nov 2030

Sport Clips
Retailer
1,200 SF
$31.66 CAD
Net
Feb 2028

Taziki's Café
Accommodation and Food Services
2,400 SF
$46.06 CAD
Net
Aug 2034

Wingstop
Accommodation and Food Services
2,100 SF
$44.62 CAD
Net
Dec 2034

Tenant	Industry	SF OCCUPIED	RENT/SF	Lease Type	Lease End
Bot's Boxing Fitness	Retailer	1,200 SF	$50.38 CAD	Net	Feb 2034
Camryn & Craig Boutique	Retailer	1,200 SF	$50.38 CAD	Net	Jun 2034
Chicken Salad Chick	Accommodation and Food Services	2,700 SF	$42.57 CAD	Net	Sep 2033
My Eye Doctor	Health Care and Social Assistance	2,400 SF	$49.66 CAD	Net	May 2032
Playa Bowls	Retailer	1,200 SF	$43.18 CAD	Net	Jan 2035
Real Wellness & Aesthetics	Retailer	1,200 SF	$43.18 CAD	Net	Nov 2030
Sport Clips	Retailer	1,200 SF	$31.66 CAD	Net	Feb 2028
Taziki's Café	Accommodation and Food Services	2,400 SF	$46.06 CAD	Net	Aug 2034
Wingstop	Accommodation and Food Services	2,100 SF	$44.62 CAD	Net	Dec 2034

Space Availability

5291-110
1,200 SF
Retail
In-Line
Now

5291-111
1,200 SF
Retail
-
Now

5291-112
2,400 SF
Retail
-
Now

Space	Size	Space Use	Position	Available
5291-110	1,200 SF	Retail	In-Line	Now
5291-111	1,200 SF	Retail	-	Now
5291-112	2,400 SF	Retail	-	Now

Size

1,200 SF

Space Use

Retail

Position

In-Line

Available

Now

Size

1,200 SF

Space Use

Retail

Position

Available

Now

Size

2,400 SF

Space Use

Retail

Position

Available

Now

PROPERTY TAXES

Parcel Numbers	Multiple A0-142-0-0864 A0-151-0-0194	Improvements Assessment	$1,255,521 CAD
Land Assessment	$1,339,252 CAD	Total Assessment	$2,594,774 CAD

PROPERTY TAXES

Parcel Numbers

Multiple

A0-142-0-0864
A0-151-0-0194

Land Assessment

$1,339,252 CAD

Improvements Assessment

$1,255,521 CAD

Total Assessment

$2,594,774 CAD

(512) 729-6323

Contacts

Zuhare Rizvon
Baker Baine
Ethan Offenbecher
Carlos Arizpe
Thomas Gorman
Sands Investment Group Austin, LLC

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

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