4750 NAVY Rd, Millington, TN 38053

Building Details

Year Built

1984

Listing agent K.C. Lam

Listing office Cordova Realty, Inc. Show Phone

Listing date Dec 30, 2022

Source Xome

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 Cordova Realty, Inc.

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Overview

This income-producing commercial property is currently tenant-occupied, generating $3,000 per month under a triple net lease agreement, where the tenant covers taxes, insurance, and maintenance expenses. The current lease is set to expire on January 1, 2025, with options for renewal. The property features a new roof and air conditioning system, both installed in 2019.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

Location Insight

• Map
• Local Demand

City

Millington

County

Shelby

State

Tennessee

Longitude

-89.9049709

Latitude

35.341849

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FAQs

What type of property is this?

NNN property - Tenant-occupied commercial property with lease in place until 2025.

Where is this nnn property 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.

What are key features of this property?

This property features: Income‑producing investment property with tenant paying $3,000/month; Triple net lease (taxes, insurance, and maintenance paid by tenant); Current lease expires 01/01/2025 with renewal options