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4758 Navy RdMillington, TN 38053

Prime Retail Center, Two Tenants

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 3,500 square foot retail property located at 4758 Navy Rd, Millington, TN 38053. The property sits on a 0.63-acre lot and boasts two long-term tenants: Check into Cash (occupying 2,000 square feet) and Baskin Robbins (occupying 1,500 square feet). Its B-2 zoning allows for diverse commercial uses. High visibility is ensured by its location, benefiting from significant daily traffic counts: 20,563 vehicles on US Highway 51 and 7,669 vehicles on Navy Road. Multiple access points from Navy Road and proximity to Newport Boulevard enhance accessibility. The property's strong investment potential is further supported by favorable demographics, including an average household income of $79,150 within a 3-mile radius. This well-positioned retail asset offers a compelling opportunity for investors seeking a stable and growing income stream in a thriving market. The property's strategic location and strong tenant occupancy make it an attractive addition to any investment portfolio. The combination of high traffic counts, convenient access, and a desirable demographic profile positions this property for continued success and long-term value appreciation. This is a rare opportunity to acquire a well-established retail center in a prime Millington location.

Highlights

  • 3,500 SF retail property on a 0.63-acre lot in Millington, TN.
  • Currently leased to Check into Cash (2,000 SF) and Baskin-Robbins (1,500 SF) with long-term leases.
  • High visibility location with 20,563 VPD on US Hwy 51 and 7,669 VPD on Navy Rd, offering multiple access points.
  • B-2 zoning allows for diverse commercial uses.
  • Strong demographics, with $79,150 average household income within a 3-mile radius.

Property Details for 4758 Navy Rd

Property type
Lifestyle centers, Power centers

Location Insight

City
Millington
County
Shelby
State
Tennessee
Latitude
35.3417657
Longitude
-89.9046412
4758 Navy Rd, Millington, Tennessee

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4758 Navy Rd
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