14121 Gratiot Ave Detroit, MI 48205
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.
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Stellar Plastics Factory Production Facility
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.