Hey there, Millington folks! Grab a cup of coffee and settle in because we’ve got some juicy news from the local commercial real estate scene. Right smack in the heart of Millington, that 1,830-square-foot retail space at 8457 U.S. Highway 51 has been sold! That’s right, folks; this isn’t just any old space – it’s got some fantastic neighbors like AT&T and Select Physical Therapy!
So, here’s the scoop. The property was sold to a group known as Highway 51 Holdings for a whopping $1.4 million. Can you believe it? That’s quite the investment in our community! The previous owner, Mirabile Properties, made the sale possible through the adept skills of their broker, Raushanah “RL” Morgan from Myers Commercial Real Estate. It’s always great to see our local businesses thriving and making smart decisions!
On the flip side, the buyers were represented by Tom Marsh from Trezevant Realty Corp, and this partnership seems to hold promise for the future of the property. With AT&T and Select Physical Therapy as co-tenants, it’s clear that this retail space is already buzzing with activity and customer footfall.
Now, we all know how important it is for our area to have robust commercial properties that can attract more businesses and customers. The sale not only signifies growth but also reflects the ongoing interest in Millington as a prime spot for retail ventures.
So, what’s next? Well, you might be wondering about the future plans for this newly acquired space. While specifics haven’t been revealed just yet, it’s fun to speculate! Will we see more tech options? Could health and wellness services expand even more? Only time will tell, but it surely makes us excited to see what cool developments could arise!
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As we see more exciting transactions like this in Millington, let’s hold onto our hats, because the future looks bright! Whether you’re a local business owner or just a Millington resident enjoying the community we have, it’s thrilling to witness how our town continues to evolve. Who knows? The next time you’re driving down Highway 51, you may just spot a brand new store popping up, all thanks to the bustling commercial real estate market!
Stay tuned, Millington – the best is yet to come!
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