Drive-Through Restaurant
For Lease
Contact for pricing
1540 Union Ave, Memphis, TN 38104
A leased restaurant with drive-thru access on a highly traveled corridor near a major medical campus.
Space Size3,359 SF
Lot Size0.63 Acres
Days on Market93
Property Features for 1540 Union Ave
General Information
Standard status
Active
Size
3,359 SF
Lot size
0.63 Acres
Property subtype
Single Tenant or Freestanding Building
Site & Location
Traffic Count
23,620 vehicles/day
Highway Access
Yes
Spaces For Lease
at 1540 Union Ave Contact us- Size
- 3,359 SF
- Term
- Negotiable
- Rate
- Contact for pricing
1
Listing Agency:
TSCG The Shopping Center Group Memphis
Listed By:
Hurston Reed · License #349528
(901) 334-5708
Source:
Theshoppingcentergroup
Added: Jun 2
Changed: Aug 25
Last Checked: Sep 2 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 TSCG The Shopping Center Group Memphis
Investment Insights
Based on property information with market context.
This 3,359 SF restaurant space is available for lease and includes a dedicated drive-thru, offering a convenient on-the-go service format. The offering is situated on a 0.625-acre parcel and is configured to support restaurant operations with direct vehicle circulation for customer ordering and pickup.
The property provides access from Union Ave and Monroe Ave. Union Ave is heavily traveled and runs east to west, connecting Midtown to Downtown Memphis. The location is also close to Methodist University Hospital and is approximately 4 minutes to the Memphis Medical District, supported by a stated traffic count of 23,620 AADT on Union Ave.
This space is well suited for a tenant looking to serve both nearby daily demand and destination traffic with a drive-thru component. The strong retail-leaning visibility from a major thoroughfare and proximity to healthcare employers make it a practical fit for QSR and other restaurant concepts that prioritize fast service and repeat visits.
The property provides access from Union Ave and Monroe Ave. Union Ave is heavily traveled and runs east to west, connecting Midtown to Downtown Memphis. The location is also close to Methodist University Hospital and is approximately 4 minutes to the Memphis Medical District, supported by a stated traffic count of 23,620 AADT on Union Ave.
This space is well suited for a tenant looking to serve both nearby daily demand and destination traffic with a drive-thru component. The strong retail-leaning visibility from a major thoroughfare and proximity to healthcare employers make it a practical fit for QSR and other restaurant concepts that prioritize fast service and repeat visits.
Key Highlights
- 3,359 SF restaurant for lease with drive‑thru on a 0.625‑acre parcel
- Corner‑style access with entry on Union Ave and Monroe Ave
- Union Ave location runs east to west connecting Midtown to Downtown Memphis
Property Analytics
Property Profile
Current Use
Lease Details
23,620 VPD
Traffic count
Yes
Highway access
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 - A leased restaurant with drive-thru access on a highly traveled corridor near a major medical campus.
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: 3,359 SF restaurant for lease with drive‑thru on a 0.625‑acre parcel; Corner‑style access with entry on Union Ave and Monroe Ave; Union Ave location runs east to west connecting Midtown to Downtown Memphis
