Shopping Strip
CHICKEN SALAD CHICK ANCHORED STRIP CENTER
8699 US-51, Millington, TN 38053
Listing Price: $5,121,000
Cap Rate
6.61%
Gross SF
10,700
Rentable SF
10,700
Price/Gross SF
$478.60
Lot Size
1.80 acres
Year Built
2024
Investment Overview
We're pleased to bring to market the offering for a Chicken Salad Chick-Anchored Center in Millington, Tennessee.
CHICKEN SALAD CHICK ANCHORED STRIP CENTER
Investment Highlights
- 2024 Construction, 10,000-Square-Foot Strip Center On +/- 1.80 AC Lot | 100 Percent Leased to National Corporate Tenants, Chicken Salad Chick, America's Best Contacts & Eyeglasses, And Mattress Firm
- All Leases are for a 10-Year Base Term And Are Triple-Net (NNN), Limiting Landlord's out of Pocket Responsibilities | Leases Come Equipped With Rental Increases Every Five Years and at the Start of Ea
- Additional Income from ATM on a Five-Year Lease with Renewal Options | Outparcel to a Prominent Power Center That Includes Major Retailers Such as TJ Maxx, Hobby Lobby, Aldi, Burlington, ULTA, And Mor
- Proximity to Several New Developments, Including Forked River Commons and Popular National Brands Like Longhorn Steakhouse, Chipotle, Dollar Tree, Whataburger, and Waffle House
- Located Within a Dense Retail Corridor, and Conveniently Close to Major National Retailers Such as Walmart, Lowe's, Kroger, Burkes Outlet, Ross Dress For Less, Five Below, Petco, Rue21, And Chick-Fil-A
- Positioned Strategically on US Highway 51, with Excellent Visibility and Accessibility from Both US Highway 51 And Union Road, with Combined Traffic Counts Exceeding 28,000 Vehicles Per Day
- Millington is Home to a Diverse Economy with Key Industries Including Manufacturing, Logistics, and Defense | The Presence of Naval Support Activity (NSA) Mid-South, One of the Largest Employers in the Area, Supports a Stable Local Economy and Attracts a Skilled Workforce
- 30 Minutes from Downtown Memphis. | Tennessee Benefits from No State Income Tax
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $5,121,000
Cap Rate
6.61%
Gross SF
10,700
Rentable SF
10,700
Price/Gross SF
$478.60
Lot Size
1.80 acres
Year Built
2024
Investment Highlights
- 2024 Construction, 10,000-Square-Foot Strip Center On +/- 1.80 AC Lot | 100 Percent Leased to National Corporate Tenants, Chicken Salad Chick, America's Best Contacts & Eyeglasses, And Mattress Firm
- All Leases are for a 10-Year Base Term And Are Triple-Net (NNN), Limiting Landlord's out of Pocket Responsibilities | Leases Come Equipped With Rental Increases Every Five Years and at the Start of Ea
- Additional Income from ATM on a Five-Year Lease with Renewal Options | Outparcel to a Prominent Power Center That Includes Major Retailers Such as TJ Maxx, Hobby Lobby, Aldi, Burlington, ULTA, And Mor
- Proximity to Several New Developments, Including Forked River Commons and Popular National Brands Like Longhorn Steakhouse, Chipotle, Dollar Tree, Whataburger, and Waffle House
- Located Within a Dense Retail Corridor, and Conveniently Close to Major National Retailers Such as Walmart, Lowe's, Kroger, Burkes Outlet, Ross Dress For Less, Five Below, Petco, Rue21, And Chick-Fil-A
- Positioned Strategically on US Highway 51, with Excellent Visibility and Accessibility from Both US Highway 51 And Union Road, with Combined Traffic Counts Exceeding 28,000 Vehicles Per Day
- Millington is Home to a Diverse Economy with Key Industries Including Manufacturing, Logistics, and Defense | The Presence of Naval Support Activity (NSA) Mid-South, One of the Largest Employers in the Area, Supports a Stable Local Economy and Attracts a Skilled Workforce
- 30 Minutes from Downtown Memphis. | Tennessee Benefits from No State Income Tax
Investment Overview
We're pleased to bring to market the offering for a Chicken Salad Chick-Anchored Center in Millington, Tennessee.
Exclusively Listed By
Broker of Record
Financing By
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