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    FOR SALE
    Drive through restaurants

    3545 Austin Peay Hwy, Memphis, TN 38128

    2,131 SF 0.97 ac lot Built 2021
    Entity Owned ~ Est. High Equity
    Property ID
    US80-0617981
    Property summary
    AI-generated overview

    This exceptional commercial land opportunity presents two available outparcels in the thriving Marketplace at Raleigh. Situated across from the new $65 million Raleigh Civic Center and minutes from Methodist North Hospital, this location boasts unparalleled visibility and accessibility. The property offers 0.85 to 1.7 acres of land ideal for build-to-suit development, ground lease, or outright purchase. Benefit from the high traffic counts on nearby Austin Peay Highway (25,157 AADT) and Yale Road (17,416 AADT), ensuring significant exposure for your business. The area is already home to a robust retail landscape, including major players such as Walmart, Save-a-Lot, Dollar Tree, DD's Discounts, Citi Trends, Hibbett Sports, Aldi, Rainbow, Popeye's, and McDonald's, creating a synergistic environment. Furthermore, the proximity to the Nike North America Logistics Campus (2,600+ employees) and an Amazon Fulfillment Center (2,000+ employees) guarantees a substantial and consistent customer base. This is a prime opportunity to establish a presence in a rapidly growing area with exceptional demographics and high consumer traffic. The property is zoned for multiple tenants, offering flexibility for various retail concepts. Don't miss this chance to capitalize on this strategic location and thriving retail market.

    Property profile
    Verified
    Property type Drive through restaurants
    Use group DRIVE-THRU RESTAURANT, FAST FOOD
    Year built 2021
    Construction FRAME
    Total area 2,131 SF
    Lot 0.97 ac (42,123 SF)
    Zoning code CMU-2
    APN 086-023- - -00023
    UPID US80-0617981
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Starbucks Cafe & Coffee Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Frg Properties LLC
    Frg Properties LLC
    since 2026
    Last sale
    $326,700
    3 recorded transactions
    2026
    $326,700
    2022
    2021
    $2.2M
    Zoning & alternative use
    CMU-2 · Memphis, TN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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