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    4758 Navy Rd Millington, TN 38053

    For Sale
    Contact for pricing

    Prime Retail Center, Two Tenants

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a 3,500 square foot retail property located at 4758 Navy Rd, Millington, TN 38053. The property sits on a 0.63-acre lot and boasts two long-term tenants: Check into Cash (occupying 2,000 square feet) and Baskin Robbins (occupying 1,500 square feet). Its B-2 zoning allows for diverse commercial uses. High visibility is ensured by its location, benefiting from significant daily traffic counts: 20,563 vehicles on US Highway 51 and 7,669 vehicles on Navy Road. Multiple access points from Navy Road and proximity to Newport Boulevard enhance accessibility. The property's strong investment potential is further supported by favorable demographics, including an average household income of $79,150 within a 3-mile radius. This well-positioned retail asset offers a compelling opportunity for investors seeking a stable and growing income stream in a thriving market. The property's strategic location and strong tenant occupancy make it an attractive addition to any investment portfolio. The combination of high traffic counts, convenient access, and a desirable demographic profile positions this property for continued success and long-term value appreciation. This is a rare opportunity to acquire a well-established retail center in a prime Millington location.

    Property Features for 4758 Navy Rd

    General Information

    Property type
    Lifestyle centers

    HighLights

    • 3,500 SF retail property on a 0.63‑acre lot in Millington, TN.
    • Currently leased to Check into Cash (2,000 SF) and Baskin‑Robbins (1,500 SF) with long‑term leases.
    • High visibility location with 20,563 VPD on US Hwy 51 and 7,669 VPD on Navy Rd, offering multiple access points.
    • B‑2 zoning allows for diverse commercial uses.
    • Strong demographics, with $79,150 average household income within a 3‑mile radius.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Baskin-Robbins Ice Cream Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Millington
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9046412
    Latitude
    35.3417657

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Retail Center, Two Tenants
    Where is this lifestyle center located?
    The property is located at 4758 Navy Rd Millington, TN.
    What are key features of this property?
    This property features: 3,500 SF retail property on a 0.63-acre lot in Millington, TN.; Currently leased to Check into Cash (2,000 SF) and Baskin-Robbins (1,500 SF) with long-term leases.; High visibility location with 20,563 VPD on US Hwy 51 and 7,669 VPD on Navy Rd, offering multiple access points.
    Request Owner's contact information
    4758 Navy Rd Millington, TN 38053
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4758 Navy Rd Millington, TN 38053
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