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8699 US 51 North hwy
Millington, TN 38053

$5,121,000 USD

Storefront Retail Office For Sale  •  10,700 SF

Property Details

  • Property Type Storefront Retail Office
  • Total Building Size 10,700 SF
  • Lot Size 30.41 AC
  • Building Class B
  • Year Built 2024
  • Cap Rate 6.61 %
  • Tenancy Multiple
  • Zoning A
0 Transit Score
44 Walk Score

Highlights

2024 Construction, 10,000-SF Strip Center on +/- 1.80 AC Lot
100% leased to national corporate tenants, Chicken Salad Chick, America’s Best Contacts & Eyeglasses, and Mattress Firm.
All leases are for a 10 year base term and are triple-net (NNN), limiting landlord’s out of pocket responsibilities
Leases come equipped with rental increases every 5 years and at the start of each option period | Additional income from ATM on a 5 year lease
Outparcel to a prominent power center that includes major retailers such as TJ Maxx, Hobby Lobby, Aldi, Burlington, ULTA, Pop Shelf, and Skechers.
Proximity to several new developments, including Forked River Commons and popular national brands like LongHorn Steakhouse, Chipotle, & more

Property Flyers

Cap Rate: 6.61 %

Amenities

  • Signage

Public Transportation

AirportDriveWalkDistance
Memphis International 38 min - 27.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 376
Type: Surface
Included in Rent: Yes
Darpan Patel 513-325-8682 Marcus & Millichap
Darpan Patel 513-325-8682 Marcus & Millichap