6347-6359 E Navy Rd - Freestanding FOR SALE


Millington, TN 38053
$2,000,000 USD
901-412-2935
6347-6359 E Navy Rd, Millington, TN for Sale
$2,000,000 USD
Freestanding - FOR SALE
1/15
null | 7.97% Cap Rate

6347-6359 E Navy Rd
Millington, TN 38053


OVERVIEW

This 13350 sq ft building on 2.27 acres with 106 parking spaces houses 3 tenants and owner operated Busy Bubbles laundromat. Lease terms 6347 Navy $2828.48 15 year exp Aug 31, 2039 5% annual increase. 6353Navy $2500 5 year exp 2029, 6357 Navy Busy Bubbles generates average monthly revenue of $8,000, the ATM generates $200 per month. 6365 Navy, Pops Bar and Grill, $1928 exp Jan 31, 2026 ,5% annual increase. Roof warranty expires Oct 28, 2028. Shelby County Tax only - $8701.45. Insurance $5334. Utilities average $12,000 annually.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$150 USD /SF

CAP RATE

7.97%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

82

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

CL

APN/PARCEL ID

D0-116D-C0-0008

ASK ABOUT THIS PROPERTY

Jim WilliamsTiger RealtyMore Info
901-412-2935

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Jim WilliamsTiger RealtyMore Info
901-412-2935

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.