4758 Navy RdMillington, TN 38053

Property Details for 4758 Navy Rd

Year built

1984

Lot size

0.63 AC

Property size (Sq ft)

1,440 SF

Zone code

B-2

Property type

Retail properties

Property subtype

Retail space

APN

M01-15I- -C-00001-C

APU

M0115IC00001C

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $304,997

  6.5%

  $281,536

  7%

  $261,426

• Comparable approach

  Method

  Valuation

  Relative Method

  $282,901

  Geo Method

  $282,901

• Alternative Use

  Use

  Valuation

  Residential

  $237,486

  Hospitality

  $217,536

  Educational

  $180,987

  Medical

  $187,212

  Retail

  $281,536

Location Insight

City

Millington

County

Shelby

State

Tennessee

Latitude

35.3419

Longitude

-89.9046

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].