Memphis, TN Restaurants for Sale

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Updated: Mar 6

Restaurant Building in Wolfchase Area

7990 Horizon Center Blvd, Memphis, TN 38133

$1,200,000

7,774 sqft 2.57 AC lot

Freestanding, fully equipped 7,774 SF restaurant building on 2.57 acres.
Prime location in the Wolfchase Trade Area of Memphis.
High traffic counts: Interstate 40 (103,701 AADT) and Germantown Pkwy (73,408 AADT).
Located on a frontage road to Interstate 40.
Adjacent to a Hyatt Place and The Commons at Wolfcreek Shopping Center.

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This listing looks promising.

Here's a quick look at some key insights for

7990 Horizon Center Blvd, Memphis, TN 38133

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Est. Cap Rate

7.8%
Above avg (5.9%)
Est. NOI

$94K
Annual
Price @ 7% Cap

$1.34M
Above asking
Property Type

Restaurant
Built 1997

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Updated: Jun 24

Restaurant Building with Parking Lots

1324 PEABODY Ave, Memphis, TN 38104

$1,599,900

Year built: 1924 commercial property in Midtown Memphis
Sale includes four parcels: 1302‑1304 Peabody Ave and 1324‑1330 Peabody Ave
Includes a restaurant building and Pearl's Tea & Coffee House
Two dedicated parking lots included
High‑visibility Midtown location near Central Gardens, Overton Square, Downtown Memphis, and the Medical District

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Leased Corner Freestanding Restaurant

2740 BARTLETT Rd, Bartlett, TN 38134

$850,000

Freestanding restaurant is fully leased, offering investors immediate rental income at a dual-frontage corner location.

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Frayser Commercial Building For Sale

2600 JAMES Rd, Memphis, TN 38127

$285,000

Freestanding commercial building suitable for restaurant or event venue.

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Mobile Home Park Investment

3023 LAMAR Ave, Memphis, TN 38114

$250,000

Multi-asset mobile home park with road frontage, including a leased restaurant, duplex, and multiple tenant-occupied units.

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Established Restaurant with Outdoor Seating

733 CHELSEA Ave E, Memphis, TN 38107

$399,900

Turnkey restaurant with equipment, parking, and outdoor patio.

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Turnkey Restaurant and Bar

124 G E PATTERSON Ave, Memphis, TN 38103

$975,000

Fully equipped restaurant and bar with main floor bar, full kitchen, upstairs dining areas, and fenced patios.

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Absolute NNN Wendy’s Restaurant

6781 E Shelby Dr, Memphis, TN 38141

$2,352,442

2,646 sqft

Absolute NNN Wendy’s investment offered with approximately 13 years remaining and a tenant-guaranteed lease structure.

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Memphis Bar/Lounge Opportunity

1215 THOMAS St, Memphis, TN 38107

$37,000

Bar/lounge needing full rehab, priced to sell quickly.

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Second-Generation Restaurant

153 E Ge Patterson Ave, Memphis, TN 38103

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4,493 sqft

Second-generation restaurant for sale with 4,493 SF and strong downtown visibility near major attractions.

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Fully Renovated Mixed-Use Opportunity

981 Cooper St, Memphis, TN 38104

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4,000 sqft

Fully renovated 4,000 SF property offers flexible retail, restaurant, or office space with on-site secured parking.

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Former IHOP Restaurant Building

1277 East Shelby Drive, Memphis, TN 38116

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4,022 sqft

Former IHOP with multiple access points and strong corridor visibility for restaurant or retail redevelopment.

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Restaurant with Drive-Thru on Shelby

1352 E Shelby Dr, Memphis, TN 38116

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3,402 sqft 1.24 AC lot

3,402 SF restaurant with drive-thru on 1.24 acres.

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Drive-Thru Coffee Kiosk NNN

1698 Poplar Ave, Memphis, TN 38112

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669 sqft 0.30 AC lot

Single-tenant NNN drive-thru kiosk leased to Scooter’s Coffee on a hard-corner signalized site with convenient ingress/egress.

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Restaurant with Built-In Stage Seating

2802 LAMAR Ave, Memphis, TN 38114

$795,000

7,868 sqft

Restaurant space with a built-in stage, booth seating, stone-accented bar, and a fully equipped commercial kitchen.

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Restaurant with Commercial Kitchen

5162 Millbranch Rd, Memphis, TN 38116

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5,391 sqft

Ownership opportunity with a full commercial kitchen, vent hood, built-in bar areas, and multiple DJ booth setups.

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For-Sale Restaurant Property

3100 Forest Hill Irene Rd, Germantown, TN 38138

$2,405,000

For-sale restaurant property with stated NOI of $120,444.

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Leased Corner Restaurant Building

2740 Bartlett Road, Bartlett, TN 38134

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3,760 sqft

Freestanding restaurant property on a prominent corner with dual road frontage and ample on-site parking.

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Nightclub Building with Extensive Buildout

2866 Poplar Avenue, Memphis, TN 38103

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12,684 sqft 1.68 AC lot

Former nightclub building with extensive plumbing and electrical buildout and 109 parking spaces, accessible from Poplar Ave. and Walnut Grove Rd.

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Park Avenue Restaurant Ground Lease

5091 Park Ave, Memphis, TN 38117

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899 sqft

Fully leased Back Yard Burgers on Park Avenue for sale.

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Former Restaurant on Corner Lot

2850 Lamar Ave, Memphis, TN

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4,888 sqft 0.84 AC lot

Freestanding 4,888 SF former restaurant available for lease.

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Three-Story Entertainment Venue with Kitchen

152 Beale St, Memphis, TN 38103

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14,137 sqft

Three floors of entertainment space with multiple stages, a bar on each floor, and an operational kitchen on-site.

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Turnkey Furnished Restaurant

703 W Brookhaven Circle, Memphis, TN 38117

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3,540 sqft

Fully furnished turnkey restaurant offering included furniture, fixtures, and equipment.

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Second-Generation Restaurant Space

5465 Fox Plaza Dr, Memphis, TN 38115

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6,624 sqft

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

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Memphis, TN Restaurants Market Trends and Statistics

Explore 72 restaurants for sale in Memphis, TN, showcased through 35 active listings on our real estate platform. These investment opportunities span a total of 120,014 square feet of properties for sale, with an estimated market value of $11,619,242.

Sale prices for restaurant properties in Memphis, TN start at $37,000, averaging $893,787, and reaching up to $2,405,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 718K

Population Growth (5Y) -3.1%

Median Household Income $61,271

College Educated 18.4%

High-Yield Neighborhoods for Investment

Identify Memphis submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
Memphis	$579.5K
Cordova	$950K

Taxes & Financing

Tax Rate (average for all types) 5.80%

Property Tax per SF $85.96 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Shelby County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Shelby County

Residential Income

Property Size Breakdown

The majority of commercial real estate listings in Memphis fall within the 100,000+ square foot range.

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