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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

8800 Us-51 Millington, TN 38053

2,584 SF 2.53 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Total area 2,584 SF
Lot 2.53 ac (110,207 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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