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    8540 Us Highway 51 N Millington, TN 38053

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    For Lease
    Contact for pricing

    Retail space available in Millington near major employers.

    Property size:
    3,000 SF
    Lot size:
    11.00 Acres

    Property Features for 8540 Us Highway 51 N

    General Information

    Size
    3,000 SF
    Lot size
    11.00 Acres

    Source: Carolina Commercial Agent Lash Hairston

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space Near Naval Base

    Located in Millington, Tennessee, a suburb of Memphis, the Shoppes at Millington Farms is anchored by Ross, Bealls, Petco, and Dunham's Sports, and shadow-anchored by Lowe’s Home Improvement. A Walmart Supercenter is situated across the road from the shopping center. The economy in Millington is supported by educational services, construction, scientific and technical services, and the military. Millington is home to the NAS Mid-South, which employs over 7,500 military, civilian, and contractor personnel. The surrounding area is experiencing economic growth, with Ford having started construction on a $5.6 billion electric vehicle plant nearby, projected to generate over 6,000 new jobs when production commences in 2025. There is a 6,500 square foot space available, located between Ross and Five Below.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    Millington Farms Shopping Center

    Location Insight

    • Map
    • Local Demand
    City
    Millington
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8909844
    Latitude
    35.358325

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    FAQs

    What type of property is this?
    Shopping center - Retail space available in Millington near major employers.
    Where is this shopping center located?
    The property is located at 8540 Us Highway 51 N Millington, TN.
    What are key features of this property?
    This property features: - Anchored by Ross, Bealls, Petco, and Dunham's Sports and shadow-anchored by Lowe's Home Improvement.; - Located across the road from a Walmart Supercenter.; - Situated in Millington, TN, near NAS Mid-South (7,500+ employees).
    (910) 773-0540
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    8540 Us Highway 51 N Millington, TN 38053
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    Millington, TN 38053
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8540 Us Highway 51 N Millington, TN 38053
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