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Second-Generation Restaurant Space
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5465 Fox Plaza Dr, Memphis, TN 38115

Second-generation restaurant with a fully built-out kitchen, large dining room, and ample parking on a 1.13-acre lot.

Property Size6,624 SF
Days on Market626

Property Features for 5465 Fox Plaza Dr

General Information

Standard status Active
Size 6,624 SF
Property subtype RETAIL
Listing Agency: Jones Aur Commercial Real Estate | Memphis
Listed By: Reid Lanigan
Source: Moodyscre
Added: Nov 13, 2024 Changed: Jul 26 Last Checked: Jul 31 at 1:44PM

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 Jones Aur Commercial Real Estate | Memphis

Investment Insights

Based on property information with market context.

This offering provides 6,624 SF of second-generation restaurant space with a fully built-out kitchen designed for quick occupancy. The layout includes a large dining room that allows the next user to divide space for private dining and special event use.

The property sits on a 1.13-acre lot with ample parking and available pylon signage. Traffic counts listed include Mt Moriah Extd (24,267 AADT), I-240 (181,743 AADT), and Hwy 385 (137,101 AADT), supporting visibility for a restaurant concept.

The space is presented as former Leonard’s BBQ, Memphis’ oldest BBQ establishment operating since 1922, and is available for sale with the improvements already in place.

Key Highlights

  • 6,624 SF second‑generation restaurant space with a fully built‑out kitchen
  • Large dining room layout that can support private dining and special event space
  • 1.13‑acre lot with ample parking for patrons

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Building Supply Dental Office Law Firm Restaurant Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

634
Businesses Nearby
55k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 72% Dining 28%
MAPCO Mart Shops & Services
11,197 visits/mo 0.4 miles
BP Shops & Services
9,834 visits/mo 0.4 miles
Krystal Dining
6,349 visits/mo 0.1 miles
Piccadilly Restaurants Dining
5,305 visits/mo 0.5 miles
Shell Shops & Services
4,850 visits/mo 0.3 miles

Demographics for 38115, TN

40,076
Population
19,179
Households
2.1
Avg Household Size
30
Median Age
14%
College-Educated
87%
High-School Grad
8.6 sq mi
ZIP Area
4,660
Density / Sq Mi
$42,931
Median Household Income
$32,997
Median Earnings
$1,129
Median Rent
$129,700
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
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Second-generation restaurant with a fully built-out kitchen, large dining room, and ample parking on a 1.13-acre lot.
Where is this conventional restaurant located?
The property is located at 5465 Fox Plaza Dr Memphis, TN.
What are key features of this property?
This property features: 6,624 SF second‑generation restaurant space with a fully built‑out kitchen; Large dining room layout that can support private dining and special event space; 1.13‑acre lot with ample parking for patrons
(901) 661-9775 Call to check price and availability
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