Restaurant Space with
For Lease
Contact for pricing
1540 Union Ave, Memphis, TN 38104
3,359 SF restaurant with drive-thru available for lease.
Space Size3,359 SF
Days on Market259
Property Features for 1540 Union Ave
General Information
Standard status
Active
Size
3,359 SF
Property subtype
Single Tenant or Freestanding Building
Spaces For Lease
at 1540 Union Ave Contact us- Size
- 3,359 SF
- Term
- Negotiable
- Rate
- Contact for pricing
1
Listing Agency:
The Shopping Center Group | Memphis
(901) 334-5708
Listed By:
Hurston Reed · License #297139
Source:
Tscg
Added: Nov 25, 2025
Changed: Aug 8
Last Checked: Aug 8 at 5:19AM
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 3,359 square foot restaurant space with a drive-thru is available for lease. It is situated on a 0.625 acre parcel. The property is located on Union Avenue at South Willett Street in Midtown Memphis, Tennessee. The location offers access from both Union Avenue and Monroe Avenue. Union Avenue is a heavily traveled east-west thoroughfare connecting Midtown to Downtown Memphis. The property is in close proximity to Methodist University Hospital and approximately 4 minutes from the Memphis Medical District. Traffic count on Union Avenue is 23,620 AADT.
Key Highlights
- High‑traffic location on Union Avenue (23,620 AADT)
- Drive‑thru restaurant space
- Sizeable 3,359 SF restaurant on 0.625 acre parcel
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
2,484
Businesses Nearby
337k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Groceries 24%
Home Improvements & Furnishings 11%
Shops & Services 10%
Kroger
Groceries
70,178 visits/mo
0.3 miles
The Home Depot
Home Improvements & Furnishings
36,412 visits/mo
0.4 miles
Cook Out
Dining
20,660 visits/mo
0.2 miles
Wendy's
Dining
19,151 visits/mo
0.0 miles
Taco Bell
Dining
15,629 visits/mo
0.3 miles
Demographics for 38104, TN
22,584
Population
14,315
Households
1.6
Avg Household Size
38
Median Age
52%
College-Educated
93%
High-School Grad
5.0 sq mi
ZIP Area
4,517
Density / Sq Mi
$56,452
Median Household Income
$48,300
Median Earnings
$1,073
Median Rent
$301,100
Median Home Value
Market
Vacancy Rate% for Retail in Memphis, TN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - 3,359 SF restaurant with drive-thru available for lease.
Where is this drive through restaurant located?
The property is located at 1540 Union Ave Memphis, TN.
What are key features of this property?
This property features: High‑traffic location on Union Avenue (23,620 AADT); Drive‑thru restaurant space; Sizeable 3,359 SF restaurant on 0.625 acre parcel
