Freestanding KFC Drive-Through
New
For Sale
Contact for pricing
3255 AUSTIN PEAY HWY, Memphis, TN 38128
Freestanding quick-service restaurant with drive-through service and an absolute NNN lease structure.
Property Size2,312 SF
Lot Size1.20 Acres
Price / SF$1,345
Days on Market4
Property Features for 3255 AUSTIN PEAY HWY
General Information
Standard status
Active
Size
2,312 SF
Lot size
1.20 Acres
Property subtype
Retail
Site & Location
Drive-Thru
Yes
Traffic Count
70,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
1
Listing Agency:
Northmarq - Walnut Creek
Listed By:
Chris Lomuto · License #CA 01962410
Source:
Crexi
Added: Sep 2
Changed: Sep 4
Last Checked: Sep 4 at 3:11PM
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 Northmarq - Walnut Creek
Investment Insights
Based on property information with market context.
This freestanding KFC restaurant includes approximately 2,312 square feet of building area, drive-through service, and a roughly 1.2-acre site. The sale includes the fee-simple interest in the land and improvements. An absolute NNN lease has approximately 15.4 years remaining in its base term, along with four five-year renewal options and 7.5% rent increases at five-year intervals, including option periods.
The property fronts Austin Peay Highway in a retail corridor with Aldi, Kroger, Walmart, Home Depot, Marshalls, Burger King, Wendy’s, Chick-fil-A, Starbucks, and Popeyes nearby. Methodist North Hospital, the Nike North America Logistics Campus, and an Amazon fulfillment center are identified as area demand drivers. The surrounding population includes more than 62,000 residents within three miles and nearly 163,000 within five miles. Operations are handled by Tasty Chick’n Midwest, a Tasty Chick’n subsidiary.
The property fronts Austin Peay Highway in a retail corridor with Aldi, Kroger, Walmart, Home Depot, Marshalls, Burger King, Wendy’s, Chick-fil-A, Starbucks, and Popeyes nearby. Methodist North Hospital, the Nike North America Logistics Campus, and an Amazon fulfillment center are identified as area demand drivers. The surrounding population includes more than 62,000 residents within three miles and nearly 163,000 within five miles. Operations are handled by Tasty Chick’n Midwest, a Tasty Chick’n subsidiary.
Key Highlights
- Approximately 2,312‑square‑foot freestanding KFC building with drive‑through
- Roughly 1.2‑acre fee‑simple land and building offering
- Absolute NNN lease with 15.4 years remaining on the base term
Property Analytics
Property Profile
Current Use
Lease Details
70,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
462
Businesses Nearby
167k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Shops & Services 39%
Groceries 10%
Apparel 4%
McDonald's
Dining
33,030 visits/mo
0.3 miles
dd's DISCOUNTS
Shops & Services
22,765 visits/mo
0.2 miles
Aldi
Groceries
17,560 visits/mo
0.2 miles
Marathon
Shops & Services
14,693 visits/mo
0.1 miles
Krystal
Dining
11,075 visits/mo
0.2 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
Market
Vacancy Rate% for Retail in Memphis, TN
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Freestanding quick-service restaurant with drive-through service and an absolute NNN lease structure.
Where is this drive through restaurant located?
The property is located at 3255 AUSTIN PEAY HWY Memphis, TN.
What is the asking price?
The asking price for this property is $3,111,000.
What are key features of this property?
This property features: Approximately 2,312‑square‑foot freestanding KFC building with drive‑through; Roughly 1.2‑acre fee‑simple land and building offering; Absolute NNN lease with 15.4 years remaining on the base term
