8612 US Highway 51 N | Millington, TN 38053
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- LoopNet Team
8612 US Highway 51 N
Millington, TN 38053
Whataburger | Memphis MSA · Retail Property For Sale
Investment Highlights
- Leased to Whataburger on a brand new 15-year ground lease; zero landlord responsibilities
- Industry leading tenant: Whataburger had the 3rd highest AUV for all major QSR chains in 2021
- Site is strategically located at a signalized intersection off the main thoroughfare of Millington, seeing a combined 42,124 VPD
- Corporate guarantee from national tenant: with over 880+ locations nationwide
- Asset benefits from an oversized parcel, resulting in low ground rent for the tenant
- Tennessee is one of the nine income tax-free states in the U.S; provides buyers with additional tax benefits
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
3,750 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2024
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
4.11 AC
Zoning
B-2 - General Commercial District
Frontage
501 FT on Tennessee 3
Amenities
- Corner Lot
- Air Conditioning
PROPERTY TAXES
| Parcel Number | M0-115-0-0786 | Improvements Assessment | $39,800 |
| Land Assessment | $175,080 | Total Assessment | $214,880 |
PROPERTY TAXES
Parcel Number
M0-115-0-0786
Land Assessment
$175,080
Improvements Assessment
$39,800
Total Assessment
$214,880
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