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    7713 Hwy 51 Millington, TN 38053

    Sponsored
    For Lease
    $12 SF/Yr

    Millington, TN: Prime Retail Opportunity

    Lot size:
    33,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Millington, TN retail property, located at 7713 Highway 51 S, offers 33,000 total square feet on a 1.18-acre lot. Currently, 3,500 square feet is available for lease in this single-tenant building. Situated in Tipton County, zip code 38053, the property boasts a highly visible location on Highway 51 S, ensuring excellent exposure for your business. The building is well-maintained and features ample parking, providing convenient access for customers and employees. Its adaptable layout allows for customization to suit a variety of business needs, making it an ideal space for a range of commercial enterprises. The modern design and strategic location combine to create a compelling opportunity for growth and success. This property presents a rare chance to establish a thriving business in a dynamic and accessible area. High visibility and easy access from Highway 51 S contribute to its significant appeal. Don't miss this chance to secure a prime retail space in a thriving Tennessee community. The property's size and location make it an attractive option for businesses seeking a strong presence in Millington.

    Property Features for 7713 Hwy 51

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    33,000 SF
    Total Rate
    34980

    Unit(s) available at that property

    Space
    Available Space
    Size
    3,500 SF
    Rate per SF
    $12
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Millington
    County
    Tipton
    State
    Tennessee
    Longitude
    -89.9155947
    Latitude
    35.3371251

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    FAQs

    What type of property is this?
    Retail property - Millington, TN: Prime Retail Opportunity
    Where is this retail property located?
    The property is located at 7713 Hwy 51 Millington, TN.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    Request Owner's contact information
    7713 Hwy 51 Millington, TN 38053
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    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
    7713 Hwy 51 Millington, TN 38053
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