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Freestanding Restaurant with Drive-Thru
For Lease
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3623 Elvis Presley Blvd, Memphis, TN 38116

Freestanding restaurant sublease with an existing drive-thru, patio, and signage in a high-visibility Memphis corridor near major interchanges.

Space Size2,395 SF
Days on Market94

Property Features for 3623 Elvis Presley Blvd

General Information

Standard status Active
Size 2,395 SF
Property subtype Single Tenant or Freestanding Building

Site & Location

Traffic Count 18,821 vehicles/day
Highway Access Yes

Building Details

Tenancy Single

Spaces For Lease

at 3623 Elvis Presley Blvd Contact us

1

Size
2,395 SF
Term
Negotiable
Rate
Contact for pricing
Contact us
Listing Agency: TSCG The Shopping Center Group Memphis
Listed By: Hurston Reed · License #349528
Source: Theshoppingcentergroup
Added: Jun 2 Changed: Aug 14 Last Checked: Sep 2 at 2:25PM

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.

A freestanding restaurant space totaling 2,395 SF is available for sublease and includes an existing drive-thru. The offering also features a patio and a pylon sign, supporting strong visibility and straightforward customer flow for quick-serve or drive-thru concepts.

The property sits on Elvis Presley Blvd and is directly across the street from Graceland. It is also adjacent to the Graceland Soundstage Museum and Shops, with The Guest House nearby. The area benefits from steady visitor traffic, with an indicated 400,000 visitors annually to Graceland and proximity to Memphis International Airport. Access is supported by close proximity to the Interstate 55 and Interstate 240 interchange.

This location is well-suited for restaurant operators seeking a freestanding site with drive-thru capability in a destination-heavy market. The existing drive-thru and patio can help accommodate both on-site dining and convenient takeout service, while the pylon sign supports branding along a frequently traveled corridor.

Key Highlights

  • 2,395 SF freestanding restaurant available for sublease
  • Existing drive‑thru, patio, and pylon sign on‑site
  • Located across the street from Graceland (400K visitors annually)

Property Analytics

Current Use

KFC Restaurant

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Pharmacy 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

18,821 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

273
Businesses Nearby
52k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 54% Dining 34% Hotels & Casinos 12%
Taco Bell Dining
8,495 visits/mo 0.3 miles
Regions Bank Shops & Services
7,392 visits/mo 0.4 miles
Exxon Shops & Services
6,094 visits/mo 0.4 miles
BP Shops & Services
4,995 visits/mo 0.4 miles
SUBWAY Dining
4,993 visits/mo 0.4 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

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
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Frequently Asked Questions

What type of property is this?
Drive through restaurant - Freestanding restaurant sublease with an existing drive-thru, patio, and signage in a high-visibility Memphis corridor near major interchanges.
Where is this drive through restaurant located?
The property is located at 3623 Elvis Presley Blvd Memphis, TN.
What are key features of this property?
This property features: 2,395 SF freestanding restaurant available for sublease; Existing drive‑thru, patio, and pylon sign on‑site; Located across the street from Graceland (400K visitors annually)
More about this property
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