Property profile

8540 Us Highway 51 N Millington, TN 38053

FOR LEASE
Neighborhood: Shopping Center, Strip Center, Enterprise Zone
Property ID
US80-2894753
107,077 SF 10.98 ac lot Built 2017
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Property summary

AI-generated overview

The Shoppes at Millington Farms is a retail shopping center located in Millington, Tennessee (a suburb of Memphis), with major tenants including Ross, Bealls, Petco, Dunham’s Sports, and Lowe’s Home Improvement. A Walmart Supercenter is located across the road from the center. The surrounding area includes the NAS Mid-South employment base and is characterized by a mix of educational services, construction, and scientific/technical services. The property includes a designated retail space measuring approximately 6,500 square feet, situated between the Ross location and Five Below.

Property profile

Verified
Property type Neighborhood: Shopping Center, Strip Center, Enterprise Zone
Year built 2017
Total area 107,077 SF
Lot 10.98 ac (478,202 SF)
APN M01-15 - -A-00014
UPID US80-2894753

Cap rate & NOI

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

Location

8540 Us Highway 51 N Millington, TN 38053
Millington metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2019
Last sale
$10.7M
1 recorded transaction
2019
$10.7M
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