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High-Traffic Retail/Office Space Available
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15423 S First St, Milan, TN 38358

Retail or office space in high-traffic Walmart shadow center.

Property Size38,225 SF
Days on Market184

Property Features for 15423 S First St

General Information

Standard status Active
Size 38,225 SF
Property subtype Walmart Shadow Center
Listing Agency:
Listed By: Louise Jennings-McCullar · License #AL #030350
Source: Realestatesoutheast
Added: Jan 27 Changed: Jul 6 Last Checked: Jul 30 at 6:03AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Louise Jennings-McCullar

Investment Insights

Based on property information with market context.

This 3,225 square-foot space is located in a high-traffic Walmart shadow center in Milan, TN. Situated on the main retail corridor, the property benefits from its adjacency to a high-performing Walmart Supercenter. The location offers great access and visibility within a growing market area. The property features high visibility and ample parking. It is ideal for retail or office use. As of Q4 2023, Five Below has opened in the center. The property is located at 15423 S First St, Milan, TN 38358. The total property size is 38,225 square feet.

Key Highlights

  • Adjacent to a high‑performing Walmart Supercenter, ensuring high traffic and visibility.
  • Located on the main retail corridor in the growing Milan, TN market.
  • High visibility and ample parking.

Property Analytics

Current Use

FACTORY CONNECTION Clothing Store Cash Corral Milan Loan Service AT&T Store Mobile Phone Store Dab City Tobacco ... (Bike/Boat/Book/etc) Store Shoe Show Clothing & Fashion Store

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Dental Office Storage Facility Pharmacy Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

143
Businesses Nearby
Well-served
Demand for This Use

Demographics for 38358, TN

12,153
Population
5,113
Households
2.4
Avg Household Size
40
Median Age
18%
College-Educated
89%
High-School Grad
82.7 sq mi
ZIP Area
147
Density / Sq Mi
$65,537
Median Household Income
$39,429
Median Earnings
$808
Median Rent
$157,900
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Shopping center - Retail or office space in high-traffic Walmart shadow center.
Where is this shopping center located?
The property is located at 15423 S First St Milan, TN.
What are key features of this property?
This property features: Adjacent to a high‑performing Walmart Supercenter, ensuring high traffic and visibility.; Located on the main retail corridor in the growing Milan, TN market.; High visibility and ample parking.
More about this property
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