OVERVIEW

Cushman & Wakefield is offering a prime investment opportunity at 8265 N Highway 51 in Millington, Tennessee. This property features a 2,240 square foot retail space currently occupied by Lenny’s Grill and Subs, situated on a 0.54-acre lot. The site includes 24 parking spaces and benefits from high visibility with traffic counts of 20,563 vehicles per day on US Highway 51 and 11,459 vehicles per day on Navy Road. Zoned B-2, the property offers flexibility for various commercial uses. With three existing points of ingress and egress, the property is easily accessible, making it a strategic investment in a growing area. From 2020 to 2023, Millington’s population grew by 8.4%, the fastest rate among Shelby County municipalities. The city has made significant investments in infrastructure, spending tens of millions of dollars to build nearly five miles of sewer and water lines, roads, and other essential facilities, enabling it to more than double its population and support large employers. Currently, over $1.4 billion in development is either planned or underway in Millington. Major projects include the $58 million Forked River Commons retail development, which is fully leased by prominent tenants such as Hobby Lobby and Ulta; the $100 million Millington Farms multi-use project, which will feature retail spaces, multifamily housing, and a hotel; the $150 million Astoria Square development, offering mixed-use retail, luxury townhomes, and cottage-style homes; and the $30 million Big Creek Resiliency Project, a federally funded initiative aimed at enhancing flood resilience, constructing four soccer fields, and developing over 1,000 acres of greenspace. These developments, along with the largest VA Outpatient Clinic in Tennessee, reinforce Millington’s growing reputation as an attractive location for both businesses and residents, particularly military veterans. Millington also boasts several recreational amenities, including the nearby USA Stadium Complex and Edmund Orgill Park, which features a golf course, lake, and extensive walking trails. The community has a mix of residential neighborhoods, retail centers, and industrial developments, reflecting its balanced growth and development.