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Restaurant Building with Drive-Thru
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3144 S Third St, Memphis, TN 38106

Freestanding 2,718 SF restaurant with drive-thru for lease.

Property Size2,718 SF
Days on Market147

Property Features for 3144 S Third St

General Information

Standard status Active
Size 2,718 SF
Property subtype Single Tenant or Freestanding Building
Listing Agency: TSCG The Shopping Center Group Memphis
Listed By: Hurston Reed · License #349528
Source: Tscg
Added: Mar 6 Changed: Jul 6 Last Checked: Jul 31 at 4:49AM

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 2,718 square foot freestanding restaurant building is available for lease. The property includes a drive-thru and ample parking. It is located on South Third Street, just south of the intersection with E.H. Crump Boulevard in Downtown Memphis, Tennessee. Area retailers include Ghost River Brewery, Family Dollar, Captain D's, Taco Bell, and T-Mobile. The traffic count on South Third Street is 14,794 AADT. Please do not engage or disturb the existing operators.

Key Highlights

  • Freestanding restaurant building with drive‑thru in Downtown Memphis.
  • 2,718 SF available for lease.
  • Ample parking available for customers.

Property Analytics

Current Use

KFC Restaurant

Suggested Use

Top Pick Real Estate Agency Building Supply Dental Office Storage Facility Big Box & Wholesale Store Garden Center

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

281
Businesses Nearby
11k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Valero Energy Shops & Services
5,280 visits/mo 0.1 miles
Marathon Petroleum Shops & Services
3,675 visits/mo 0.5 miles
Citgo Shops & Services
2,195 visits/mo 0.1 miles

Demographics for 38106, TN

22,394
Population
11,630
Households
1.9
Avg Household Size
41
Median Age
12%
College-Educated
83%
High-School Grad
10.4 sq mi
ZIP Area
2,153
Density / Sq Mi
$29,818
Median Household Income
$30,101
Median Earnings
$915
Median Rent
$66,400
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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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?
Restaurant - Freestanding 2,718 SF restaurant with drive-thru for lease.
Where is this restaurant located?
The property is located at 3144 S Third St Memphis, TN.
What are key features of this property?
This property features: Freestanding restaurant building with drive‑thru in Downtown Memphis.; 2,718 SF available for lease.; Ample parking available for customers.
More about this property
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