Former Shoney's for Sale in Memphis, TN

Unlock the potential of this premier retail asset. Situated in the heart of a bustling commercial hub, this 5,762 SF freestanding restaurant building offers an unparalleled opportunity for owner-occupants or savvy investors. Boasting a generous 1.2-acre lot, this property provides the space, visibility, and infrastructure required for a high-volume flagship location.

Key Property Specifications

• Property Type: Retail / Freestanding Restaurant

• Total Building Square Footage: 5,762 SF

• Total Land Area: 1.20 Acres

• Current Status: Available For Sale / Investment

Investment Highlights & Location Intelligence

This site is strategically positioned within a high-density retail ecosystem, ensuring a constant stream of organic foot traffic and brand exposure.

• Established Fast-Food Synergy: The property sits directly adjacent to national powerhouses Captain D’s and Taco Bell, benefiting from the "shadow effect" of their established customer bases.

• Surrounding National Retailers: You are in good company. The immediate trade area features a "who’s who" of national brands, including:

  • Big Box & Apparel: Home Depot, Burlington, Marshalls, and Aaron’s.

  • Daily Needs & Pharmacy: CVS, Walgreens, and Dollar General.

  • Dining & Service: Starbucks, Piccadilly, AutoZone, Subway, and more.

• Unrivaled Traffic Infrastructure: Capture the attention of tens of thousands of commuters daily. This location boasts exceptional Average Annual Daily Traffic (AADT) counts:

  • Covington Pike: 36,474 AADT

  • Stage Road: 29,667 AADT

Why This Property?

For those looking to enter or expand in the [Insert City/Region Name] market, this former Shoney’s represents more than just square footage—it is a turnkey-ready footprint in a saturated market where 1.2-acre parcels are increasingly rare.

Whether you are looking to renovate the existing structure to suit a new casual dining concept or seeking a ground-up redevelopment in a high-impact corridor, this site offers the flexibility and traffic metrics to support a high-ROI venture.

Schedule a Private Tour

Don't miss out on one of the most visible restaurant sites currently on the market. Contact our listing team today for a full offering memorandum, site plans, and to schedule a walk-through.