4750 Navy RdMillington, TN 38053

Property Details for 4750 Navy Rd

Year built

1984

Lot size

0.79 AC

Property size (Sq ft)

3,956 SF

Zone code

B-2

Property type

Retail properties

Property subtype

Turn key restaurants

APN

M01-15I- -J-00001-C

APU

M0115IJ00001C

Description

This exceptional commercial property located at 4750 Navy Rd, Millington, TN, presents a compelling investment opportunity. Currently leased to a reliable tenant generating a substantial monthly income of $3,000 triple net (taxes, insurance, and maintenance are the tenant's responsibility), this property offers a secure and profitable return. The existing lease agreement is in place until January 1st, 2025, with built-in options for renewal, ensuring long-term income stability. The property boasts significant recent upgrades, including a new roof installed in 2019 and a new air conditioning system also installed in 2019, minimizing future maintenance expenses and maximizing operational efficiency. This is a turnkey investment ready to generate immediate cash flow. The property is classified as General Commercial and is offered at $489,000. This represents a strong value proposition in the Millington commercial real estate market. The property's location in Millington, TN, offers convenient access to key transportation routes and amenities. Serious inquiries are encouraged to explore this lucrative investment opportunity further. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $837,895

  6.5%

  $773,442

  7%

  $718,196

• Comparable approach

  Method

  Valuation

  Relative Method

  $777,193

  Geo Method

  $777,193

• Alternative Use

  Use

  Valuation

  Residential

  $652,427

  Hospitality

  $597,620

  Educational

  $497,213

  Medical

  $514,313

  Retail

  $773,442

Location Insight

City

Millington

County

Shelby

State

Tennessee

Latitude

35.3419

Longitude

-89.905

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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