Property profile

11124 Us Highway 51 S Millington, TN 38053

FOR LEASE
Retail space
Property ID
US80-0683288
4,104 SF 0.67 ac lot Built 2004
Entity Owned 8-yr Hold Free & Clear
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11124 Us Highway 51 S, Millington, TN 38053 For Lease
Contact for pricing 1,400 SF available
11124 Us Highway 51 S, Millington, TN 38053
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Property summary

AI-generated overview

This exceptional retail opportunity is located at 11124 Highway 51 S in Atoka, Tennessee, within Tipton County. The property boasts a total of 3,800 square feet, currently configured as a single suite. A significant portion of the space, 1,400 square feet, is immediately available for lease. This presents a prime chance for businesses seeking a high-visibility location along a major thoroughfare. The property's classification is retail commercial, making it ideal for a variety of uses. The address is easily accessible from Highway 51, ensuring high traffic volume and excellent exposure to potential customers. The building is situated in Atoka, TN, zip code 38004, offering a convenient location for both businesses and their employees. The available space is ready for immediate occupancy and offers a blank canvas for a new tenant to customize to their specific needs. This is a single-tenant building, providing privacy and control over the entire space. Serious inquiries are encouraged to explore this promising retail space. Contact us to schedule a viewing and discuss lease terms.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2004
Construction FRAME
Total area 4,104 SF
Lot 0.67 ac (29,185 SF)
APN 084111C B 02703
UPID US80-0683288

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Real Estate Agency

Location

11124 Us Highway 51 S Millington, TN 38053
Millington metro Census 40302 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$499k
Blend (final) Blend
$235k

Owner & transaction history

since 2018
4 recorded transactions
2018
Price N/A
2018
Price N/A
2013
$575,000
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $330,000 +12.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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