Single-Story Brick Retail
For Sale
Contact for pricing
6245 Chester St, Arlington, TN 38002
A 1,305 SF single-story brick building with two storefronts, including an operating barbershop and a boutique-style space.
Property Size1,305 SF
Price / SF$268.20
Days on Market87
Property Features for 6245 Chester St
General Information
Standard status
Active
Size
1,305 SF
Property subtype
RETAIL
Building Details
Buildings
1
Stories
1
Construction
brick
Listing Agency:
NAI Saig Company - Memphis
(901) 526-3100
Listed By:
James McCraw · License ##340992
(901) 201-9323
Source:
Moodyscre
Added: Jul 27
Changed: Oct 6
Last Checked: Oct 20 at 11:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Saig Company - Memphis
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Investment Insights
Based on property information with market context.
Single-story brick retail storefront building offering approximately 1,305 SF. The property includes two storefront spaces: an established barber shop and a separate boutique-style space, creating flexibility for an owner-user or an investor.
Located on Arlington Town Square, the asset sits in a walkable small-town retail environment with local businesses nearby.
With two distinct storefronts in one building, the layout can support a variety of tenant and occupancy strategies while maintaining dedicated retail frontage for each space.
Located on Arlington Town Square, the asset sits in a walkable small-town retail environment with local businesses nearby.
With two distinct storefronts in one building, the layout can support a variety of tenant and occupancy strategies while maintaining dedicated retail frontage for each space.
Key Highlights
- Approximately 1,305 SF single‑story brick retail/office building
- Two storefronts including an operating barbershop tenant
- Separate boutique‑style storefront space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,839
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$236,780
$236.8K
Cap Rate 7%
$169,129
$169.1K
Cap Rate 9%
$131,544
$131.5K
Market Conditions
NOI Build-Up for 1,305 SF
Gross rent
$18.8K $14.40/SF
− Vacancy
−$1.9K −$1.44/SF
EGI
$16.9K $12.96/SF
− OpEx
−$5.1K −$3.89/SF
NOI
$11.8K $9.07/SF
Area
Shelby County, TN
Vacancy
10.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$236,780
Cap Rate 7%
$169,129
Cap Rate 9%
$131,544
Alternative Uses
Best Use
Retail
$169.1K
$148.0K – $197.3K
NOI $11,839 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$264.2K
$231.1K – $308.2K
NOI $18,491 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
239
Businesses Nearby
8k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
8,129 visits/mo
0.1 miles
Demographics for 38002, TN
44,385
Population
15,448
Households
2.9
Avg Household Size
38
Median Age
47%
College-Educated
97%
High-School Grad
116.3 sq mi
ZIP Area
382
Density / Sq Mi
$115,478
Median Household Income
$56,917
Median Earnings
$1,695
Median Rent
$363,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Kroger Floral — Arlington, TN 38002
Frequently Asked Questions
What type of property is this?
Storefront property - A 1,305 SF single-story brick building with two storefronts, including an operating barbershop and a boutique-style space.
Where is this storefront property located?
The property is located at 6245 Chester St Arlington, TN.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Approximately 1,305 SF single‑story brick retail/office building; Two storefronts including an operating barbershop tenant; Separate boutique‑style storefront space
