The Falls at Arlington (Phase 2)
18,000 SF | 100% Leased | 4-Star Retail Building | Arlington, TN 38002 | $8,350,000 ($464/SF) | 6.50% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $8,350,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 18,000 SF
- Price / Square Foot
- $464
Listing Contacts
Adam Birnbrey
Verified Profile
Neal Pringle
Verified Profile
Shawn Massey
Verified Profile
Sidney Seale
Verified Profile
- Property Info
Property Overview
TSCG is pleased to offer for sale a perfectly curated 18,000 SF strip center anchored by Chicken Salad Chick, Taziki’s, Wingstop, Sport Clips, Playa Bowls and more. The Property is situated 0.5 miles from Interstate 40 adjacent to Starbucks, AT&T, Whataburger, Ace Hardware and Heartland Dental. Directly across the street is a Kroger Marketplace (under construction) and Baptist Healthcare Emergency Department. The Arlington submarket has evolved into a dynamic corridor with its close proximity to the new $5.6B Blue Oval City Ford plant (6,000 new jobs in Haywood County and 24,000 indirect jobs in TN). A plethora of development is proposed, planned and under construction in the immediate vicinity including the White Oak master development with home prices ranging from the high $300s to high $600s. Arlington High School (2,063 students) is steps away from the property and is the #8 ranked high school in the Memphis metro area per US News 2024.
Property Details
- Class
- B
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Storefront Retail/Office, Storefront Retail/Residential
- Lot Size (sq. ft)
- 130,680 SF
Highlights
- Perfect blend of restaurants, service, health & beauty that complement one another
- Signalized corner minutes to Interstate 40 (63,000+ VPD)
- Directly across from Kroger Marketplace (under construction) and Baptist Healthcare Emergency Department
- Affluent Memphis suburb near Ford's new $5.6B Blue Oval City (6,000 employees)
- Steps from Arlington High School (2,000+ students) | Ranked top 10 high school in Memphis metro area per US News 2024
- Average Household Incomes are more than $150,000 within 5 miles | Plethora of new residential and proposed mixed-use developments in the area
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