8699 US 51 North hwy - Storefront Retail/Office FOR SALE
Millington, TN 38053 |
$5,121,000 USD
513-325-8682
8699 US 51 North hwy
Millington, TN 38053
HIGHLIGHTS
- 2024 Construction, 10,000-SF Strip Center on +/- 1.80 AC Lot
- 100% 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 5 years and at the start of each option period | Additional income from ATM on a 5 year lease
- Outparcel to a prominent power center that includes major retailers such as TJ Maxx, Hobby Lobby, Aldi, Burlington, ULTA, Pop Shelf, and Skechers.
- Proximity to several new developments, including Forked River Commons and popular national brands like LongHorn Steakhouse, Chipotle, & more
FOR SALE DETAILS
PRICE
$5,121,000 USD
PRICE/SF
$479 USD /SF
CAP RATE
6.61%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Chicken Salad Chick-Anchored Strip Center
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
376
LAND DETAILS
LAND ACRES
30.41 AC
LAND SF
1,324,449 SF
ZONING
A
APN/PARCEL ID
M0-105-0-0175
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513-325-8682
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513-325-8682
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