0 Sec Of Airline Rd & Milton Wilson Blvd Arlington, TN 38002
The Shops at Arlington Village offers exceptional retail space in a rapidly expanding area. This shopping center, situated on a one-acre lot at the southeast corner of Airline Road and Milton Wilson Boulevard, is anchored by a new Kroger Marketplace, slated to open in the second quarter of 2024. Two spaces are currently available for lease. The property is zoned PD and located in Shelby County, Tennessee. Arlington, a mere 20 miles northeast of Memphis, boasts impressive growth, expanding over 350% in the last decade, making it the fastest-growing city within the Memphis Metropolitan Statistical Area. This dynamic growth is fueled by significant developments including the state's largest high school, a new Baptist Medical Campus, and proximity to the substantial Ford Blue Oval project, which will employ over 6,000 individuals. Arlington also offers attractive amenities such as excellent parks, trails, and sports facilities, coupled with the lowest property taxes in Shelby County. This combination of strong demographics, new development, and convenient location presents a compelling opportunity for retail businesses seeking a thriving market. The property's strategic location and the presence of a major grocery anchor make it an ideal investment for businesses seeking high visibility and strong foot traffic.
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
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Property description
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No recorded transactions found for this property.
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Risks
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