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    Property profile & analytics
    FOR SALE
    Strip malls

    7947 Us Highway 51 N, Millington, TN 38053

    29,183 SF 1.76 ac lot Built 1960
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US80-1023047
    Property summary
    AI-generated overview

    This exceptional retail property, located at 7947 US Highway 51 N in Millington, Tennessee, offers 3,234 square feet of immediately available space within a larger 29,382 square foot building. The property is situated in Shelby County, zip code 38053, and enjoys a high-visibility location on a major thoroughfare. The single-suite building offers excellent potential for a variety of retail businesses. The property's convenient location provides easy access for customers and employees. This space is particularly attractive due to its adjacency to a NAPA Auto Parts store, ensuring high traffic flow and visibility. The property is strategically positioned approximately 45 minutes from Ford's new Blue Oval City, offering potential access to a growing workforce and consumer base. The total building comprises 29,382 square feet, with the available space representing a significant opportunity for a business seeking a prominent location in a thriving community. This is a rare opportunity to secure a well-located retail space in a high-growth area. Contact us today to learn more about this exceptional property.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1960
    Total area 29,183 SF
    Lot 1.76 ac (76,666 SF)
    Zoning code B-2
    APN M01-15I- -H-00010-C
    UPID US80-1023047
    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
    AI Approach AI
    $685k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $523k
    Blend (final) Blend
    $660k
    Owner & transaction history
    Pawls LLC · 4 yrs held
    Pawls LLC
    since 2021
    Last sale
    $740,000
    7 recorded transactions
    2023
    2021
    $740,000
    2020
    2019
    2016
    2004
    $765,000
    1969
    Zoning & alternative use
    B-2 · Millington, TN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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