For Lease
$21.54/SF/YR

3196 Austin Peay Hwy Memphis, TN 38128

Prime 2,642 SF Drive-Thru Restaurant

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 2,642-square-foot quick-service restaurant (QSR) presents a remarkable investment opportunity in Memphis, Tennessee. Located at 3196 Austin Peay Highway, this single-tenant property sits on a 1.17-acre lot (50,965 square feet) and boasts a highly desirable drive-thru. Built in 1974, the building features 38 parking spaces, ensuring ample customer convenience. The property benefits from exceptional visibility and accessibility, situated on a six-lane roadway with excellent ingress and egress, and prominent pylon signage. Daily traffic counts exceed 28,000 vehicles, further enhanced by its proximity to major retailers including Aldi, McDonald's, KFC, Little Caesars, Papa Johns, Checkers, and Krystal, contributing to a combined daily traffic count of over 37,000 vehicles. The property's strategic location offers direct frontage traffic of 27,903 AADT and easy access from Interstate 40. Zoned CMU-2, this property is available for lease under NNN terms, commencing March 1, 2025, at a rate of $21.54 per square foot annually. The property's tax rate is $4.88 per square foot. This location offers unparalleled exposure and potential for significant returns. The property's address is 3196 Austin Peay Hwy, Memphis, TN 38128, with the cross street being Coleman Rd. The APN is 08-5027-0-0022. This is a one-story building in the North Memphis submarket.

Highlights

  • High-visibility QSR drive-thru site on Hwy 14.
  • 2,642 SF freestanding building with drive-thru.
  • 1.17-acre lot.
  • Six-lane road with left-turn access.
  • Pylon signage available.
  • Excellent location near Aldi, McDonald's, KFC, Little Caesars, Papa Johns, Checkers, and Krystal.

Property Details for 3196 Austin Peay Hwy

Property type
Retail properties, Restaurants
RSF (Rentable sq. ft)
2,642 SF
Year Built
1974
Buildings
1
Stories
1

Unit(s) available at that property

Space
Size
2,642 SF
Rate per SF
$21.54

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.212225702376
Longitude
-89.918201004644

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FAQs

What type of property is this?
Retail property - Prime 2,642 SF Drive-Thru Restaurant
Where is the retail property located?
The property is located at 3196 Austin Peay Hwy Memphis, TN.
What is the lease rate?
The lease rate is $21.54/SF/YR.
What are key features of this property?
This property features: High-visibility QSR drive-thru site on Hwy 14.; 2,642 SF freestanding building with drive-thru.; 1.17-acre lot.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
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Contacts

Angelo Orciuoli

Learn more

Useful Information

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Austin Peay Hwy
Memphis, TN 38128

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Austin Peay Hwy
Memphis, TN 38128

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

3196 Austin Peay Hwy
  • Angelo Orciuoli
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