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    5291-5287 Airline Rd Arlington, TN 38002

    Sponsored
    For Lease
    Contact for pricing

    Prime Retail Space Available: Arlington, TN

    Lot size:
    22,885 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    The Falls Shopping Center, located at 5291-5287 Airline Rd in Arlington, Tennessee (zip code 38002), presents a compelling retail investment opportunity. This shopping center offers a total of 22,885 square feet of retail space, with 12,900 square feet currently vacant and available for lease. Three spaces are immediately available, ranging in size from a minimum of 1,200 square feet to a maximum contiguous space of 3,600 square feet. The property is situated in Shelby County, at a busy intersection, providing excellent visibility and accessibility. Its strategic location directly across from a new Kroger Marketplace and Arlington High School (with an enrollment exceeding 2,100 students) ensures high foot traffic and a substantial potential customer base. This new retail development offers a unique chance to establish a presence in a thriving community with a strong demographic profile. The property is classified as a multi-tenant shopping center. The property's address is 5291-5287 Airline Rd, Arlington, TN 38002. Coordinates are 35.270113 latitude and -89.669792 longitude.

    Property Features for 5291-5287 Airline Rd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    22,885 SF

    Unit(s) available at that property

    Space
    5291-110
    Size
    1,200 SF
    Space
    5291-111
    Size
    1,200 SF
    Space
    5291-112
    Size
    2,400 SF

    HighLights

    • 22,885 SF new multi‑tenant shopping center with Whataburger, Starbucks, Chicken Salad Chick, Papa John's, and Sport Clips as co‑tenants.
    • Adjacent to the Falls Office Park.
    • Less than one mile from I‑40, offering excellent visibility and access from Milton Wilson Drive and Airline Road.
    • Strong surrounding retail presence including Fred's, AutoZone, Dollar General, McDonald's, Sonic, Olympic Steakhouse, and Regions Bank.
    • High traffic counts: Airline Road (12,667 AADT) and Milton Wilson Blvd (14,466 AADT).
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.669792
    Latitude
    35.270113

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Retail Space Available: Arlington, TN
    Where is this lifestyle center located?
    The property is located at 5291-5287 Airline Rd Arlington, TN.
    What are key features of this property?
    This property features: 22,885 SF new multi-tenant shopping center with Whataburger, Starbucks, Chicken Salad Chick, Papa John's, and Sport Clips as co-tenants.; Adjacent to the Falls Office Park.; Less than one mile from I-40, offering excellent visibility and access from Milton Wilson Drive and Airline Road.
    Request Owner's contact information
    5291-5287 Airline Rd Arlington, TN 38002
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    Arlington, TN 38002
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5291-5287 Airline Rd Arlington, TN 38002
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