Freestanding Restaurant
For Lease
Contact for pricing
3081 Covington Pike, Memphis, TN 38128
Freestanding restaurant on 1.2 acres adjacent to Captain D's and Taco Bell.
Space Size5,762 SF
Lot Size1.20 Acres
Days on Market843
Property Features for 3081 Covington Pike
General Information
Standard status
Active
Size
5,762 SF
Net Rentable
5,762 SF
Lot size
1.20 Acres
Property subtype
RETAIL
Space & Availability
Available Space
5,762 SF
Contiguous Space
5,762 SF
Space Use
Restaurant
Additional Details
Traffic Count
36,474 vehicles/day
Building Details
Building Size
5,762 SF
Spaces For Lease
at 3081 Covington Pike Contact us- Floor
- Bldg
- Size
- 5,762 SF
- Type
- RETAIL
- Rate
- Contact for pricing
- Availability
- AVAILABLE, Now
- Sublease
- No
Former Shoney's
- 5,762 sf freestanding restaurant on 1.2 acres
- Adjacent to captain d's and taco...
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Contact us
Listing Agency:
The Shopping Center Group | Memphis
(901) 869-2720
Listed By:
Shawn Massey
Source:
Moodyscre
Added: Jun 5, 2024
Changed: Sep 2
Last Checked: Sep 24 at 4:51PM
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 5,762 SF of space on a 1.2-acre site. The property is positioned next to established quick-service and retail users, including Captain D's and Taco Bell, which can support strong day-to-day consumer draw.
Area retail nearby includes Home Depot, Burlington, Marshalls, Aaron's, CVS, Walgreens, Starbucks, Piccadilly, AutoZone, Dollar General, Subway, and more. Vehicular traffic counts on the adjacent corridors include 36,474 AADT on Covington Pike and 29,667 AADT on Stage Rd, supporting visibility and accessibility for customers traveling through the trade area.
The site’s freestanding configuration can fit a restaurant operator looking for dedicated space with strong surrounding retail activity.
Area retail nearby includes Home Depot, Burlington, Marshalls, Aaron's, CVS, Walgreens, Starbucks, Piccadilly, AutoZone, Dollar General, Subway, and more. Vehicular traffic counts on the adjacent corridors include 36,474 AADT on Covington Pike and 29,667 AADT on Stage Rd, supporting visibility and accessibility for customers traveling through the trade area.
The site’s freestanding configuration can fit a restaurant operator looking for dedicated space with strong surrounding retail activity.
Key Highlights
- 5,762 SF freestanding restaurant building
- Situated on 1.2 acres
- Adjacent to Captain D's and Taco Bell
Property Analytics
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Current Use
Lease Details
36,474 VPD
Traffic count
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
417
Businesses Nearby
164k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 33%
Home Improvements & Furnishings 22%
Shops & Services 21%
Dining 19%
The Home Depot
Home Improvements & Furnishings
33,732 visits/mo
0.3 miles
Marshalls
Apparel
33,197 visits/mo
0.2 miles
Burlington
Apparel
21,086 visits/mo
0.3 miles
Circle K
Shops & Services
16,340 visits/mo
0.3 miles
Taco Bell
Dining
15,382 visits/mo
0.1 miles
Demographics for 38128, TN
43,197
Population
18,388
Households
2.3
Avg Household Size
32
Median Age
15%
College-Educated
85%
High-School Grad
23.6 sq mi
ZIP Area
1,830
Density / Sq Mi
$43,166
Median Household Income
$32,429
Median Earnings
$1,150
Median Rent
$123,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Memphis, TN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding restaurant on 1.2 acres adjacent to Captain D's and Taco Bell.
Where is this conventional restaurant located?
The property is located at 3081 Covington Pike Memphis, TN.
What are key features of this property?
This property features: 5,762 SF freestanding restaurant building; Situated on 1.2 acres; Adjacent to Captain D's and Taco Bell
