6347 Navy Rd., Millington, TN 38053

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$7.87/SF/year
Active for Sale
 
Listing ID 11336725
Property Type Commercial Building
County Shelby
Total Tax $8,701
FEMA Flood Map fema.gov/portal
Year Built 1953
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fully occupied strip center with 7.97 cap rate

This 13350 square foot building on 2.27 acre lot with 106 parking spaces houses 3 tenants with medium term leases and a seller owned coin operated laundry. Pops Bar and Grill, OM food mart, LG bar and Busy Bubbles. Including the income and rent from the laundry, the rents result in a net 7.97cap rate. All laundry equipment is attached to the building and will remain with the property. There is no real estate sign on the property.
Property Details
  • 13350 SF
  • 2.27 Acres
  • Built in 1953
  • Available 8/27/2024
Interior Features
  • Natural Gas Avail
  • Central A/C
Exterior Features
  • Masonry - Concrete Block Construction
  • Municipal Water
  • Municipal Sewer
Commercial Info
  • Uses: by law
  • 106 Parking Spaces
  • 9% Cap. Rate
Income/Expenses
  • Net Income $171,077
  • Insurance Exp $5,334
  • Electric Exp $12,000
  • Total Exp $17,334
  • Paid by Landlord: Struct. Maint.
Taxes and Fees
  • $8,701 Total Tax
  • Tax Year 2024
Listed By
Tiger Realty
Office: 901-872-0996
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