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    975 Highway 51 N Covington, TN 38019

    For Lease
    Contact for pricing

    Renovated retail space with strong co-tenancy and high visibility.

    Property size:
    34,380 SF
    Lot size:
    16.56 Acres

    Property Features for 975 Highway 51 N

    General Information

    Size
    34,380 SF
    Lot size
    16.56 Acres

    Source: Jones Aur Commercial Real Estate | Memphis Agent Reid Lanigan

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

    Overview

    Renovated Retail Space Available

    This retail property, newly renovated in 2023 with new HVAC units, offers a substantial space with a large second-floor mezzanine that includes offices and storage areas. The property benefits from strong retail co-tenancy, sharing the location with Tractor Supply Co., Bealls, Dollar Tree, and Five Below. Situated on a major retail thoroughfare, the location provides excellent visibility and pylon signage opportunities. The property is in close proximity to Ford's Blue Oval City Project, a $5.6 billion development. Traffic counts on US 51 N are 12,539 AADT.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Zippy Carpet Cleaning's ... Carpet Cleaning Service

    Suggested Use

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

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

    Similar Places Nearby

    North Plaza Shopping Center, Park Plaza

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Tipton
    State
    Tennessee
    Longitude
    -89.642757
    Latitude
    35.582546

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    FAQs

    What type of property is this?
    Shopping center - Renovated retail space with strong co-tenancy and high visibility.
    Where is this shopping center located?
    The property is located at 975 Highway 51 N Covington, TN.
    What are key features of this property?
    This property features: - Close proximity to Ford's Blue Oval City Project ($5.6 billion project); - Strong retail co-tenancy with Tractor Supply Co., Bealls, Dollar Tree, and Five Below; - Pylon signage and great visibility on a major retail thoroughfare
    (901) 661-9775
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    975 Highway 51 N Covington, TN 38019
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    Covington, TN 38019
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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
    975 Highway 51 N Covington, TN 38019
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