8540 Us-51 Millington, TN 38017

Property Details for 8540 Us-51

Property size

94,552 SF

Property type

Retail properties & Spaces

Description

The Shoppes of Millington Farms, located at 8540 US-51 in Millington, Tennessee (zip code 38017), offers a fantastic retail opportunity. This 94,552 square foot shopping center boasts a strong tenant mix, including anchor stores Ross, Bealls, Petco, and Dunham's Sports. A Lowe's Home Improvement store serves as a shadow anchor, providing significant additional traffic. A Walmart Supercenter is conveniently located directly across the street, further enhancing visibility and customer flow. The property is situated in a thriving area of Millington, a Memphis suburb with a robust economy fueled by education, construction, scientific and technical services, and a substantial military presence (NAS Mid-South employs over 7,500). The area's economic growth is further amplified by the recent groundbreaking of a major Ford electric vehicle plant, projected to create over 6,000 jobs by 2025. Currently, a 6,500 square foot retail space is available, ideally positioned between Ross and Five Below, ensuring high visibility and foot traffic. This space presents a unique opportunity to capitalize on the strong existing tenant base and the significant growth potential of the Millington market. The property's multiple tenancy structure provides a diverse and stable income stream. This is an exceptional opportunity for businesses seeking a high-traffic location in a rapidly expanding market.