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4750 Navy Rd Millington, TN 38053

For Sale
$489,000

High-yield property, strong tenant, lease options.

Description

Added:
Feb 3, 2025
Days on Market:
316
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.

Property Features for 4750 Navy Rd

General Information

Property type
Other commercial real estate

Building Details

Year Built
1984

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Jay's Coffee & Cuisine Brunch Restaurant

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Millington
County
Shelby
State
Tennessee
Longitude
-89.90498
Latitude
35.34184

FAQs

What type of property is this?
Commercial real estate - High-yield property, strong tenant, lease options.
Where is this commercial real estate located?
The property is located at 4750 Navy Rd Millington, TN.
What is the asking price?
The asking price for this property is $489,000.
More about this property
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