Entity Owned Property summary
This exceptional 2,642-square-foot quick-service restaurant (QSR) presents a remarkable investment opportunity in Memphis, Tennessee. Located at 3196 Austin Peay Highway, this single-tenant property sits on a 1.17-acre lot (50,965 square feet) and boasts a highly desirable drive-thru. Built in 1974, the building features 38 parking spaces, ensuring ample customer convenience. The property benefits from exceptional visibility and accessibility, situated on a six-lane roadway with excellent… ingress and egress, and prominent pylon signage. Daily traffic counts exceed 28,000 vehicles, further enhanced by its proximity to major retailers including Aldi, McDonald's, KFC, Little Caesars, Papa Johns, Checkers, and Krystal, contributing to a combined daily traffic count of over 37,000 vehicles. The property's strategic location offers direct frontage traffic of 27,903 AADT and easy access from Interstate 40. Zoned CMU-2, this property is available for lease under NNN terms, commencing March 1, 2025, at a rate of $21.54 per square foot annually. The property's tax rate is $4.88 per square foot. This location offers unparalleled exposure and potential for significant returns. The property's address is 3196 Austin Peay Hwy, Memphis, TN 38128, with the cross street being Coleman Rd. The APN is 08-5027-0-0022. This is a one-story building in the North Memphis submarket.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with a plan.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.
Property tax · 2022
Value estimate
· Nov 2026Realmo valuation models over county records and 9 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 16 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 2,618 SF
- Lot area
- 1.17 ac
- Year built
- 1974
- Stories
- 1
- APN
- 085-027- - -00022
- Zoning
- CMU-2
- Assessed value · 2023
- $196,000
- Annual tax · 2022
- $11,940
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
The CMU-2 District is intended to provide for commercial, office, and employment uses that serve through traffic as well as surrounding neighborhoods. Residential uses are allowed on the ground floor but upper story unit…
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with a plan - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
The mortgage data comes with a plan: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
Rey answers here. ChatGPT, Grok and Claude get the same data packet.
Includes: Price & PSF · Cap rate · Location · Zoning
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Still being built. It lands here next, beside the two above.
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