4758 Navy Rd Millington, TN 38053

Property Details for 4758 Navy Rd

Year built

1984

Lot size

0.63 lot acres

Property size

1,440 SF

Zone code

B-2

Property type

Retail space

APN

M01-15I- -C-00001-C

APU

M0115IC00001C

Description

This exceptional investment opportunity presents a 3,500 square foot retail property located at 4758 Navy Rd, Millington, TN 38053. The property sits on a 0.63-acre lot and boasts two long-term tenants: Check into Cash (occupying 2,000 square feet) and Baskin Robbins (occupying 1,500 square feet). Its B-2 zoning allows for diverse commercial uses. High visibility is ensured by its location, benefiting from significant daily traffic counts: 20,563 vehicles on US Highway 51 and 7,669 vehicles on Navy Road. Multiple access points from Navy Road and proximity to Newport Boulevard enhance accessibility. The property's strong investment potential is further supported by favorable demographics, including an average household income of $79,150 within a 3-mile radius. This well-positioned retail asset offers a compelling opportunity for investors seeking a stable and growing income stream in a thriving market. The property's strategic location and strong tenant occupancy make it an attractive addition to any investment portfolio. The combination of high traffic counts, convenient access, and a desirable demographic profile positions this property for continued success and long-term value appreciation. This is a rare opportunity to acquire a well-established retail center in a prime Millington location.

Location Insight

City

Millington

County

Shelby

State

Tennessee

Longitude

-89.9046

Latitude

35.3419

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments