The Falls Retail Phase 3, Arlington, TN

The Falls Retail Phase 3, Arlington Tennessee, 38002

Listing ID: CL-Tennessee-27630 Commercial Mixed Use Retail
Published on: Thursday, April 30, 2026 | Updated on: Thursday, April 30, 2026

Listing Summary

Elevate your brand’s presence in one of West Tennessee’s most dynamic markets. The Falls Retail Phase 3 is a highly anticipated, brand-new retail development strategically positioned near the bustling intersection of Airline Road and Milton Wilson Boulevard.

Full Description

Premier Retail Leasing Opportunity: The Falls Retail Phase 3, Arlington, TN

Elevate your brand’s presence in one of West Tennessee’s most dynamic markets. The Falls Retail Phase 3 is a highly anticipated, brand-new retail development strategically positioned near the bustling intersection of Airline Road and Milton Wilson Boulevard. This proposed shopping center offers versatile, modern commercial space designed to serve the rapidly expanding residential and student population of Arlington.

With a total of 34,125 SF of premium retail and restaurant space coming to market, this development provides the ideal foundation for national retailers, local boutiques, and dining establishments looking to secure a foothold in a high-growth corridor.


Versatile Space Configurations

The Falls Retail Phase 3 is designed with flexibility in mind, offering four distinct buildings to accommodate various business models and square footage requirements.

  • Total Available Space: 34,125 SqFt

  • Min. Divisible: 2,325 SqFt (Ideal for boutique retail or cafe)

  • Max. Contiguous: 17,800 SqFt (Perfect for an anchor or junior anchor tenant)

  • Building Options:

    • Building A: 17,800 SF – Large-scale retail/showroom

    • Building B: 7,600 SF – Multi-tenant or flagship retail

    • Building C: 6,400 SF – Service-oriented or specialty retail

    • Building D: 2,325 SF – Dedicated Restaurant Space (Proposed)


Unrivaled Strategic Location & Traffic

Success in the retail sector is driven by visibility and volume. The Falls Retail Phase 3 sits at the heart of Arlington's commercial activity, benefiting from incredible daily exposure and institutional anchors.

  • Educational Anchor: Located directly across from Arlington High School, which serves a massive student population of over 2,500 students, plus faculty, staff, and families, creating consistent daily foot and vehicle traffic.

  • Exceptional Traffic Counts:

    • Milton Wilson Blvd: 14,466 AADT

    • Airline Road: 12,667 AADT

  • Regional Connectivity: Situated less than a mile from Interstate 40, the property offers seamless access for commuters traveling between Memphis and Nashville, making it a regional destination rather than just a local stop.


Established Retail Synergy

Joining The Falls Phase 3 means positioning your business alongside some of the most recognized names in retail and dining. The immediate area is a proven commercial hub, ensuring a steady stream of consumers already accustomed to shopping in this corridor.

Notable Area Neighbors Include:

  • Retail & Service: AutoZone, Dollar General, O'Reilly Auto Parts, Sherwin-Williams Paint, and Fred's.

  • Dining & Finance: McDonald’s, Sonic Drive-In, Olympic Steakhouse, and Regions Bank.


Why Secure Space at The Falls Phase 3?

As Arlington continues to evolve into a premier residential destination, the demand for high-quality, new-construction retail space has never been higher. Whether you are looking for a restaurant for lease in Arlington, TN with high visibility or a large anchor retail space near I-40, this development offers modern architecture, ample parking, and the best demographics in the region.

Position your business for long-term growth in Arlington’s newest retail landmark. Contact us today for undisclosed leasing terms, site plans, and to reserve your unit in The Falls Retail Phase 3.

Quick Glance

  • Listing ID: CL-Tennessee-27630
  • Status: Active
  • Year Build: N/A
  • Building Size: 34,125 SqFt
  • Lot Size: 34,125.00 Acre

Complete Details

  • Building Size: 34,125 SqFt
  • Total Lot Area: 34,125.00 Acre
  • Heating and Cooling: Not Specified

Pricing Details

  • Acquisition Option Traditional Purchase
  • Monthly Rent Price not Disclosed
  • Move-in Cost $0.00
  • Available From Apr 30, 2026
  • Business Included No

Additional Features

Features
  • Tenancy: Multiple
  • Min Divisible SqFt: 2,325
  • Max Contiguous SqFt: 17,800
  • Total Building Suites (Units): 4
  • SPACES:
  • Retail Space - Undisclosed - 6,400 SqFt
  • Retail Space - Undisclosed - 7,600 SqFt
  • Restaurant Space - Undisclosed - 2,325 SqFt
  • Retail Space - Undisclosed - 17,800 SqFt
Highlights
  • Proposed shopping center offering space For Lease in 4 retail buildings
  • 2,325 SF potential restaurant building
  • Three retail buildings of 6,400 SF, 7,600 SF and 17,800 SF
  • Less than a mile from Interstate 40 with excellent visibility and access to Milton Wilson Boulevard
  • Area retailers include Fred's, AutoZone, Dollar General, O'Reilly Auto Parts, Sherwin-Williams Paint, McDonald's, Sonic,Olympic Steakhouse and Regions Bank
  • Traffic Counts: Airline Road 12,667 AADT and Milton WilsonBlvd 14,466 AADT

Listing Location

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