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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

0 Navy Rd Millington, TN 38053

1.6 ac lot
Property ID
Property summary
AI-generated overview

Astoria Square presents a unique investment opportunity in Millington, Tennessee. This 1.6-acre outparcel, situated on the south side of Navy Road, east of Veterans Parkway, offers 30,000 square feet of first-floor retail space available for lease. The property is part of a larger, exciting new mixed-use development, the first of its kind in Millington. This vibrant community will include apartments, single-family townhomes, a hotel, and an existing YMCA, creating a dynamic environment for businesses. The strategic location provides exceptional access to Millington Regional Jetport and the significant economic activity generated by the nearby Naval Support Activity Mid-South, home to over 7,500 military, civilian, and contract personnel. This high-traffic area offers unparalleled visibility and accessibility for businesses seeking a thriving market. Additional retail outparcels are available for sale, ground lease, or build-to-suit options, catering to a variety of needs. Ideal uses include restaurants, entertainment venues, specialty retail services, and office spaces. This is an exceptional chance to be part of a rapidly growing community with strong demographics and a robust economic base. The property's location and the overall development promise significant return on investment.

Property profile
Verified
Property type Retail properties & Spaces
Lot 1.6 ac (69,696 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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