5291-5287 Airline Rd Arlington, TN 38002
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.