The Shoppes of Millington Farms

8540 U.S. 51, Millington, TN
$13,237,843 · 7.00% CAP · 10 Yr. Lease · Multi-Tenant Net Lease


8540 U.S. 51, Millington, TN

Sale Price: $13,237,843
CAP Rate: 7.00%
Net Operating Income: $926,649
Building Size: 106,495 SF
Market: Memphis
Lease Type: Net
Type of Ownership: Fee Simple

The subject investment is part of a 125,000 SF power in the Memphis, Tennessee MSA. The Millington trade area is home to over 102,000 people with a median income level of $52,000. The Kase Group is pleased to present a parcel containing a total of 107,264 SF of gross leasable area. The parcel is leased to major national retailers including Ross, Dunham’s Rue21, Burke’s Outlet, Petco, Five Below, and Rack Room Shoes. The asset is well situated on a major commercial thoroughfare, with strong traffic counts that exceed 30,000 vehicles per day on US Highway 51.

Millington is a city in Shelby County, Tennessee, United States. As of the 2010 census, it had a population of 10,176. Millington is the home of the Memphis International Raceway.

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Presented By

Jacob Abusharkh

Managing Principal

BRE# 01385529

Jacob Abusharkh is the Managing Principal and co-founder of The Kase Group (TKG). TKG specializes in the sale of single and multi-tenant net leased retail and industrial assets across the country. Prior to going independent of SVN, TKG was one..

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