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Freestanding Restaurant Outparcel
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1277 E Shelby Dr, Memphis, TN 38116

Freestanding 4,022 SF restaurant building on 1.023 acres on an outparcel of Southland Mall.

Space Size4,022 SF
Lot Size1.02 Acres
Days on Market922

Property Features for 1277 E Shelby Dr

General Information

Standard status Active
Size 4,022 SF
Lot size 1.02 Acres
Property subtype RETAIL

Additional Details

Traffic Count 27,190 vehicles/day

Spaces For Lease

at 1277 E Shelby Dr Contact us

1277 E Shelby Dr

Floor
Bldg
Size
4,022 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- 4,022 sf freestanding restaurant building on 1.023 acres - Located on an outparcel...
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Listing Agency: The Shopping Center Group | Memphis
Listed By: Shawn Massey
Source: Moodyscre
Added: Mar 15, 2024 Changed: Sep 17 Last Checked: Sep 21 at 11:10AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Shopping Center Group | Memphis

Investment Insights

Based on property information with market context.

This freestanding restaurant building offers 4,022 square feet of space on 1.023 acres, situated as an outparcel of Southland Mall. The property is positioned for convenient customer access within a developed retail area.

The site is located on E Shelby Dr in Memphis, with nearby businesses including a newly constructed Starbucks and AutoZone. Traffic counts provided in the remarks show AADT of 27,190 on Shelby Dr and 22,470 on Elvis Presley Blvd (Hwy 51), supporting strong visibility and pass-by activity for retail and restaurant users.

The building’s freestanding format on its own parcel is designed to support restaurant operations in a high-intensity commercial setting around Southland Mall.

Key Highlights

  • 4,022 SF freestanding restaurant building on a 1.023‑acre outparcel
  • Located on an outparcel of Southland Mall
  • Nearby retailers include a newly constructed Starbucks and AutoZone

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Big Box & Wholesale Store Gym & Fitness Center Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

27,190 VPD
Traffic count
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

533
Businesses Nearby
164k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 42% Dining 28% Groceries 27% Electronics 2%
Kroger Groceries
44,327 visits/mo 0.2 miles
Kroger Fuel Center Shops & Services
17,696 visits/mo 0.1 miles
Starbucks Dining
16,640 visits/mo 0.2 miles
Popeyes Louisiana Kitchen Dining
15,907 visits/mo 0.2 miles
Regions Bank Shops & Services
13,034 visits/mo 0.2 miles

Demographics for 38116, TN

39,107
Population
18,526
Households
2.1
Avg Household Size
35
Median Age
21%
College-Educated
88%
High-School Grad
19.6 sq mi
ZIP Area
1,995
Density / Sq Mi
$44,663
Median Household Income
$31,593
Median Earnings
$1,035
Median Rent
$125,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Memphis, TN

6.5% 2019
6.9% 2020
6.3% 2021
4.9% 2022
5% 2023
5.2% 2024
6.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Freestanding 4,022 SF restaurant building on 1.023 acres on an outparcel of Southland Mall.
Where is this conventional restaurant located?
The property is located at 1277 E Shelby Dr Memphis, TN.
What are key features of this property?
This property features: 4,022 SF freestanding restaurant building on a 1.023‑acre outparcel; Located on an outparcel of Southland Mall; Nearby retailers include a newly constructed Starbucks and AutoZone
(901) 869-2720 Call to check price and availability
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