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Retail Space Near Walmart
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15423 S First St, Milan, TN 38358

High-visibility retail/office space with ample adjacent parking near a busy Walmart and nearby Five Below.

Space Size3,225 SF
Days on Market381

Property Features for 15423 S First St

General Information

Standard status Active
Size 3,225 SF
Net Rentable 3,225 SF
Property subtype RETAIL
Lease Type SF/yr

Space & Availability

Available Space 3,225 SF
Contiguous Space 3,225 SF

Spaces For Lease

at 15423 S First St Contact us

Marketplace at Milan $12 – $14/SF/Yr

Contact us
Listing Agency: Real Estate Southeast
Listed By: Louise Jennings
Source: Moodyscre
Added: Jul 22, 2025 Changed: Jul 30 Last Checked: Aug 6 at 7:09AM

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 Real Estate Southeast

Investment Insights

Based on property information with market context.

Available retail space totals 3,225 SF and is positioned for retail or office use. The property benefits from high visibility and ample parking adjacent to a busy Walmart.

The center includes Five Below, which opened in Q4 2023. This tenant mix can support day-to-day foot traffic for businesses seeking retail-facing exposure in a growing Milan, TN market.

The available 3,225 SF can be evaluated for a range of retail and office configurations, with the site’s visibility and parking designed to serve customers and employees.

Key Highlights

  • 3,225 SF available for retail or office use
  • High visibility with ample parking adjacent to a busy Walmart
  • Five Below opened Q4 2023

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
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

143
Businesses Nearby
174k
Monthly Visits Nearby

Foot Traffic Nearby

Superstores 39% Shops & Services 38% Home Improvements & Furnishings 16% Dining 3%
Walmart Superstores
68,199 visits/mo 0.3 miles
Lowe's Home Improvements & Furnishings
27,597 visits/mo 0.5 miles
Murphy USA Shops & Services
22,988 visits/mo 0.3 miles
Shell Shops & Services
16,979 visits/mo 0.4 miles
Five Below Shops & Services
16,722 visits/mo 0.2 miles

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 Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - High-visibility retail/office space with ample adjacent parking near a busy Walmart and nearby Five Below.
Where is this retail space located?
The property is located at 15423 S First St Milan, TN.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: 3,225 SF available for retail or office use; High visibility with ample parking adjacent to a busy Walmart; Five Below opened Q4 2023
(404) 606-3285 Call to check price and availability
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