7713 US Hwy 51 N, Millington, TN
Prime retail space in a well-connected Millington location.
- Added:
- Sep 2, 2025
- Days on Market:
- 281
- Last Refresh:
- May 20 at 9:59 pm
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 agent Brian Califf License ##S-41945 (901) 526-3100
Listing office NAI Saig Company - Memphis (901) 526-3100
Listing date Sep 2, 2025
Source Moodyscre
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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.
- Proximity to natural escapes such as Navy Lake and Meeman‑Shelby Forest State Park.
- Lively and well‑connected location.
- Suited for business needs.
Overview
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Millington
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.9156
- Latitude
- 35.3371
