6347 Navy Rd Millington, TN 38053

This exceptional multi-tenant property, located at 6347 Navy Rd, Millington, TN 38053, presents a compelling investment opportunity. The 13,350 square foot building sits on a 2.27-acre lot and boasts 106 parking spaces, ensuring ample convenience for patrons. Currently housing four tenants—Pops Bar and Grill, OM food mart, LG bar, and Busy Bubbles—the property enjoys 100% occupancy with medium-term leases. The diverse tenant mix includes a bar, convenience store, and restaurant, providing a stable and diversified income stream. Adding to the property's profitability is a seller-owned coin-operated laundry, integrated into the building and included in the sale. All laundry equipment is included. The property generates a net cap rate of 8.5%, exceeding the asking cap rate of 7.97%. The property is classified as Class C with a gross lease type. There is no signage on the property. This turnkey investment offers a strong return on investment with significant upside potential. The property is offered at $2,000,000. The property's location in Millington, Tennessee, provides excellent access to local traffic and amenities. This is a rare opportunity to acquire a well-established, high-performing multi-tenant property in a desirable location.