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Freestanding Drive-Through Restaurant
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3623 Elvis Presley Blvd, Memphis, TN 38116

Standalone restaurant with an existing drive-through, patio, and pylon signage near major visitor destinations.

Property Size2,395 SF
Days on Market3

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

Drive-Thru Yes
Pylon Signage Yes
Traffic Count 18,821 vehicles/day
Highway Access Yes

Additional Details

Patio Yes
Listing Agency: TSCG The Shopping Center Group Memphis
Listed By: Hurston Reed · License #349528
Source: Tscg
Added: Sep 16 Last Checked: Sep 16 at 12:18PM

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 2,395-square-foot freestanding restaurant includes an existing drive-through, patio, and pylon sign. The property is positioned across Elvis Presley Blvd from Graceland and next to the Graceland Soundstage Museum and Shops.

The site is also near The Guest House, which has 450 hotel rooms, and benefits from proximity to the Interstate 55 and Interstate 240 interchange and Memphis International Airport. Elvis Presley Blvd carries an AADT of 18,821, while Graceland attracts 400,000 visitors annually.

Key Highlights

  • 2,395 SF freestanding restaurant
  • Existing drive‑through, patio, and pylon sign
  • Across the street from Graceland, which attracts 400K visitors annually

Property Analytics

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Current Use

KFC Restaurant

Suggested Use

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

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Standalone restaurant with an existing drive-through, patio, and pylon signage near major visitor destinations.
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; Existing drive‑through, patio, and pylon sign; Across the street from Graceland, which attracts 400K visitors annually
More about this property
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