Memphis · Commercial sale
Sauder Farms buys 8521 Hwy 51 in Millington for $2.2 million
A fast-food restaurant at 8521 Hwy 51, Millington sold for $2,200,000 on August 26, 2026. See the seller and buyer net sheets for this sale.
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- Sale price
- $2,200,000
- Sold
- August 26, 2026
- Property type
- Fast-food restaurant
- Lot size
- 53,826 sq ft
The fast-food restaurant at 8521 Hwy 51 in Millington sold for $2,200,000 on August 26, 2026, according to the Shelby County Assessor of Property's sales records.
That price was 69% above the last sale on record: $1,300,000 in 2017. It was also 44% above the recorded market value of $1,523,600, the Assessor's records show.
The Assessor's records list a 1.24-acre lot. The record lists Sauder Farms LLC as the buyer.
This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.
What were the closing costs in Shelby County?
By our estimate, the seller's two largest charges, not counting prorations, were $350 for the settlement / closing fee and $45 for the wire / courier / payoff processing. Who pays what follows Shelby County custom.
How much did the seller net?
By our estimate, the seller netted about $2,190,998. That is before any broker commissions and any loan payoff.
How much cash did the buyer bring to closing?
A cash buyer would need about $2,205,245 at closing. That covers the full price and closing costs.
Source: Shelby County Assessor of Property, qualified sales (Shelby County ReGIS), document 26074523. Property details: Shelby County Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
