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Property profile & analytics
OFF-MARKET
Warehouses

14121 Gratiot Ave Detroit, MI 48205

7,180 SF 0.21 ac lot
Property ID
Property summary
AI-generated overview

This exceptional retail opportunity is located within the Shoppes at Millington Farms in Millington, Tennessee, a rapidly growing suburb of Memphis. The center boasts a total of 94,552 square feet and features a strong tenant mix including Ross, Bealls, Petco, Dunham's Sports, and Five Below. A significant advantage is the shadow anchor of Lowe's Home Improvement and the proximity to a Walmart Supercenter directly across the street, ensuring high foot traffic and visibility. The available space, totaling 6,500 square feet, enjoys a prime location between Ross and Five Below, providing excellent exposure to shoppers. Millington's economy is robust, fueled by a substantial presence of educational services, construction, scientific and technical services, and most notably, the NAS Mid-South, employing over 7,500 military, civilian, and contractor personnel. Further bolstering the area's economic outlook is the recently commenced construction of a $5.6 billion Ford electric vehicle plant nearby, projected to generate over 6,000 new jobs upon commencement of production in 2025. This presents a unique investment opportunity in a dynamic and expanding market, offering significant potential for growth and return. The property is a multi-tenant shopping center, ideal for a variety of retail uses.

Property profile
Verified
Property type Warehouses
Total area 7,180 SF
Lot 0.21 ac (9,148 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
Current use
Occupant on record · Public records
  • Stellar Plastics Factory Production Facility
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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