4758 Navy Rd Millington, TN 38053
For Sale
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.
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Baskin-Robbins Grocery & Convenience Store Specialty Food Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
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
B-2 · Millington, TNMillington. Always verify with local authorities before improvements.
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.