0 Navy Rd Millington, TN 38053
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.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.