7991 US-51, Millington, TN 38053
Single-tenant Goodyear property in Millington, TN with corporate-backed net lease.
- Added:
- Feb 9, 2026
- Days on Market:
- 138
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 7991 US-51
General Information
- Standard status
- Active
- Size
- 7,141 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1989
Listing office North Star Brokerage & Advisory (512) 647-1548
Listing date Feb 9, 2026
Source Crexi
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 North Star Brokerage & Advisory
HighLights
- Corporate‑backed net lease provides predictable, passive income.
- Tenant has operated continuously at this location for over 35 years, demonstrating exceptional site viability.
- Located in the Memphis MSA.
- Leased to a nationally recognized credit tenant, Goodyear Auto Service.
- Approximately five years of remaining lease term through September 2029.
- Built‑in rent growth through a contractual extension option.
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 | $102.8k | $14.40 |
| − Vacancy | −$10.3k | −$1.44 |
| EGI | $92.5k | $12.96 |
| − OpEx | −$27.8k | −$3.89 |
| NOI | $64.8k | $9.07 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- U-Haul Moving & Storage of Millington — 7910 U.S. Hwy 51, Millington, TN 38053
- Trailer Rental at U-Haul — 7910 US-51, Millington, TN 38053
- Propane Refill at U-Haul — 7910 U.S. Hwy 51, Millington, TN 38053
- U-Box at U-Haul — 7910 US-51, Millington, TN 38053
- Enterprise Rent-A-Car — 4694 Navy Rd, Millington, TN 38053
Location Insight
- Map
- Local Demand
- City
- Millington
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.9072967
- Latitude
- 35.3445911
