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Commercial For sale Retail Free Standing

4,022 SF Freestanding Restaurant for Sale or Lease at Southland Mall Outparcel

1277 E Shelby Dr, Memphis, Tennessee 38116

Price not disclosed
Listed Apr 21, 2026
Normal Sale
Property Status
Existing
Building Status

About this property

4,022 SF Freestanding Restaurant for Sale or Lease at Southland Mall Outparcel is a retail for sale in Memphis, Tennessee. Key details: property status Normal Sale, building status Existing. Listed by Shawn Massey CCIM, CRRP, ALC of TSCG - The Shopping Center Group on LoopingCloud and last updated April 22, 2026.

Located at the high-visibility intersection of Memphis commerce, 1277 E Shelby Dr offers an unparalleled opportunity for investors and restaurateurs alike. This versatile 4,022 SF freestanding building sits on a generous 1.023-acre lot, providing the space and accessibility required for a flagship dining or retail operation.

Positioned strategically as a Southland Mall outparcel, this property benefits from the built-in gravity of a regional shopping hub while maintaining the autonomy of a standalone site.


Investment Highlights & Strategic Location

This property is situated in one of the most resilient and high-performing retail corridors in the region. Whether you are looking to establish a new brand or expand an existing portfolio, the site’s fundamentals are unmatched.

  • Elite Neighbor Performance: According to data from Pacer.Ai, the immediate neighbors—including Popeye’s, Jiffy Lube, and Church’s Chicken—consistently rank as the highest-trafficked locations in the entire state of Tennessee. Nationally, these sites represent some of the most frequented franchises in their respective brands.

  • Recent Area Development: The neighborhood is experiencing a surge in institutional investment, evidenced by the newly constructed Starbucks and AutoZone nearby, signaling long-term economic confidence in this specific pocket of Memphis.

  • Exceptional Accessibility: With a massive acre of land, the site offers ample parking and efficient ingress/egress, essential for high-volume quick-service or sit-down restaurant operations.


Unrivaled Traffic & Visibility

Visibility is the lifeblood of retail, and 1277 E Shelby Dr delivers constant exposure to a massive daily audience. The property sits at a nexus of commuter and local traffic, ensuring your brand is seen by tens of thousands of potential customers every day.

Annual Average Daily Traffic (AADT) Counts:

Thoroughfare Daily Traffic Count
Shelby Drive 27,190 Vehicles Per Day
Elvis Presley Blvd (Hwy 51) 22,470 Vehicles Per Day

Property Specifications

  • Address: 1277 E Shelby Dr, Memphis, TN

  • Building Size: 4,022 SF

  • Lot Size: 1.023 Acres

  • Primary Use: Restaurant / Retail

  • Transaction Options: Available for Sale or Lease

This is a rare chance to secure a footprint in a retail ecosystem that outperforms state and national averages. With heavy traffic, a massive lot size, and prestigious neighbors, 1277 E Shelby Dr is primed for its next success story.

Lending Opportunities

Connect with a mortgage professional to explore financing options and see what you may qualify for.

CompanyLender typeContactPhone
TheLoanProsTeam Mortgage Broker Roxanne Chung (754) 707-5877
Money Solutions, LLC Mortgage Broker Jennifer A. Judice (813) 431-5000

Property details

Key facts

Property Status
Normal Sale
Building Status
Existing

Pricing details

Financing
Third Party Financing
Investment Property
Active investment property

Investment snapshot

Acquisition options

OptionAsking priceCap rateCommissionMonthly incomeOwnership
Purchase Only - - - - -

Features and amenities

Highlights

  • 4,022 SF freestanding restaurant building on 1.023 acres for sale or lease
  • Located on an outparcel of Southland Mall
  • Close proximity to newly constructed Starbucks and AutoZone
  • Pacer.Ai ranks the neighboring Popeye's, Jiffy Lube and Church's Chicken as the highest trafficked in the state of Tennessee and some of the highest in the country
  • Traffic Counts (AADT): Shelby Dr 27,190 and Elvis Presley Blvd (Hwy 51) 22,470

Location

Address as shown by the lister.

Get directions

About this area - Memphis

Population
51,048
Housing units
19,272
Land area
18.3 sq mi
County
Shelby

Neighborhood

Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.

Documents, links and contacts

Additional contacts

1 person to reach
  • Sidney Seale - sidney.seale@tscg.comRetail Specialist - License #: TN 372782 (901) 252-1039

Frequently asked questions

Where is 4,022 SF Freestanding Restaurant for Sale or Lease at Southland Mall Outparcel located?

The property is in 1277 E Shelby Dr, Memphis, Tennessee 38116, Shelby County.

What type of property is this?

This is a retail for sale in the commercial category.

Is financing available?

The lister indicates: Third Party Financing.

Who do I contact about this listing?

Shawn Massey CCIM, CRRP, ALC of TSCG - The Shopping Center Group listed this property. Use the Request Info button to send a message or call (910) 461-7070.

When was this listing published?

It was published on April 21, 2026 and last updated on April 22, 2026.

Listing information

Listing ID
CL-Tennessee-27579
Published
Apr 21, 2026
Last updated
Apr 22, 2026

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Disclaimer: LoopingCloud is a social listing portal that connects real estate professionals, service providers, buyers, and sellers. All property information, descriptions, availability, financial details, and any offerings are provided by the respective lister or service provider and are not independently verified by LoopingCloud.

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