Current Use by Public Records
- Stellar Plastics / Factory / Production Facility
Property Details for 14121 Gratiot Ave
- Lot size
- 0.21 lot acres
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -82.9796
- Latitude
- 42.4329
