Skip to main content

Shopping Strip

Millington South

8390 US Highway 51 N, Millington, TN 38053

Listing Price: $5,600,000

Cap Rate
7.38%
Gross SF
27,300
Rentable SF
27,300
Price/Gross SF
$205.13
Lot Size
3.33 acres
Year Built
2006

Investment Overview

Marcus & Millichap is pleased to present for sale The American Center South, located on Highway 51 in Millington, TN, a suburb of Memphis, TN. The property consists of 2 separate inline strip centers and is 90% occupied by a healthy mix of national, regional and local tenants. The property totals 27,300 square feet, and all leases are NNN. There is future upside through leasing activity and future lease bumps. Highway 51 has an average of traffic count of 32,000 VPD. The property is directly across from a Walmart Super Center, and just south of a Lowe’s, in the heart of the retail district of Millington.

Investment Highlights

  • Beautifully maintained multi-tenant 27,300 square foot retail strip center located in Millington, TN (Memphis, TN MSA)
  • 90% occupied with a healthy mix of national, regional and local tenants with a long track record of success in this location
  • Highway 51 has a 32,000 VPD traffic count at the site

Exclusively Listed By

Financing By

Listing Price: $5,600,000

Cap Rate
7.38%
Gross SF
27,300
Rentable SF
27,300
Price/Gross SF
$205.13
Lot Size
3.33 acres
Year Built
2006

Investment Highlights

  • Beautifully maintained multi-tenant 27,300 square foot retail strip center located in Millington, TN (Memphis, TN MSA)
  • 90% occupied with a healthy mix of national, regional and local tenants with a long track record of success in this location
  • Highway 51 has a 32,000 VPD traffic count at the site

Investment Overview

Marcus & Millichap is pleased to present for sale The American Center South, located on Highway 51 in Millington, TN, a suburb of Memphis, TN. The property consists of 2 separate inline strip centers and is 90% occupied by a healthy mix of national, regional and local tenants. The property totals 27,300 square feet, and all leases are NNN. There is future upside through leasing activity and future lease bumps. Highway 51 has an average of traffic count of 32,000 VPD. The property is directly across from a Walmart Super Center, and just south of a Lowe’s, in the heart of the retail district of Millington.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower