Retail Space in Millington
7713 US Hwy 51 N Millington, TN
For Sale
Contact for pricing
Prime retail space in a well-connected Millington location.
Property Size3,500 SF
Lot Size1.18 Acres
Price / SF$114
Days on Market327
Property Features for 7713 US Hwy 51 N
General Information
- Standard status
- Active
- Size
- 3,500 SF
- Lot size
- 1.18 Acres
- Property subtype
- RETAIL
Listing Agency:
NAI Saig Company - Memphis
(901) 526-3100
Listed By:
Brian Califf · License ##299669
(901) 526-3100
Source:
Moodyscre
Added: Sep 2, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:36AM
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 NAI Saig Company - Memphis
Investment Insights
Based on property information with market context.
Located in Millington, this property is situated near dining options such as O'Charley's and Rizzo's Diner. Retail destinations including a Walmart Supercenter and the Millington Plaza Shopping Center are conveniently nearby. Navy Lake and Meeman-Shelby Forest State Park are also in proximity. The property offers 3,500 square feet of retail space.
Key Highlights
- Prime location in the heart of Millington.
- Diverse dining options nearby, including O'Charley's and Rizzo's Diner.
- Convenient access to retail destinations like Walmart Supercenter and Millington Plaza Shopping Center.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.4k | $14.40 |
| − Vacancy | −$5.0k | −$1.44 |
| EGI | $45.4k | $12.96 |
| − OpEx | −$13.6k | −$3.89 |
| NOI | $31.8k | $9.07 |
3,500 SF · lease $14.40/SF/yr · vacancy 10.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$453.6K
$396.9K – $529.2K
NOI $31,752 @ 7.0% cap · market cap 7.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$708.5K
$619.9K – $826.6K
NOI $49,594 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - Prime retail space in a well-connected Millington location.
Where is this retail space located?
The property is located at 7713 US Hwy 51 N Millington, TN.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Prime location in the heart of Millington.; Diverse dining options nearby, including O'Charley's and Rizzo's Diner.; Convenient access to retail destinations like Walmart Supercenter and Millington Plaza Shopping Center.
