8800 Us-51 Millington, TN 38053
This exceptional commercial property presents a unique investment opportunity in Millington, Tennessee. The offering includes a 2,584 square foot free-standing, second-generation restaurant building situated on a sizable 2.53-acre lot. The property boasts convenient access from US Highway 51 and features two distinct parcels: Lot 1, encompassing 1.35 acres, and Lot 2, comprising 1.18 acres. This presents a significant development potential, especially considering its strategic location directly north of a new residential development and a large church. The high-traffic area boasts impressive daily traffic counts: 20,324 AADT on US-51 and 14,048 AADT on TN-385. The property benefits from its proximity to a robust retail environment, including major national brands such as Lowe's, Walmart, Hobby Lobby, and many more popular restaurants like Chick-fil-A, Whataburger, and IHOP. This combination of existing restaurant space and ample land provides a versatile platform for various commercial ventures, making it an attractive proposition for both established businesses and new developments. The property's location and surrounding infrastructure make it an ideal site for expansion or a new commercial enterprise. This is a rare opportunity to acquire a substantial property in a thriving retail corridor.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.