Flagship Restaurant & Patio Opportunity: Canopy by Hilton

This high-profile development offers a rare opportunity to operate a signature restaurant at a bustling corner, directly across from the world-famous Peabody Hotel and the high-energy AutoZone Park.

With a total of 5,636 square feet of available space, this venue is designed for an operator who can deliver a sophisticated, all-day dining experience to hotel guests, local professionals, and millions of annual visitors.

Space Overview & Dynamic Features

The property offers a versatile footprint that seamlessly blends high-visibility indoor dining with a premium outdoor atmosphere.

• Total Available Space: 5,636 SqFt

• Main Restaurant Interior: 4,522 SF of prime corner real estate with massive street-level visibility and direct access.

• Outdoor Covered Patio: A sprawling 1,114 SF covered patio, perfect for the Memphis climate and providing a "see-and-be-seen" vibe for patrons.

• Operational Requirement: The selected tenant must be prepared to serve breakfast, lunch, and dinner, capturing the full spectrum of hotel guest needs and downtown business traffic.

The Epicenter of Memphis Entertainment & Business

Positioned on a "busy corner" in the heart of the city, the Canopy Hotel restaurant space is surrounded by the city's most powerful economic and entertainment drivers.

1. Sports & Spectacle

• AutoZone Park: Located immediately adjacent, the park is home to the Memphis Redbirds (Triple-A affiliate of the St. Louis Cardinals) and Memphis 901 FC. With a 2023 attendance of over 223,750 fans, game days provide a guaranteed influx of thousands of hungry patrons.

• FedExForum: A mere 4-minute walk away, this is the home of the Memphis Grizzlies and major touring concerts, ensuring heavy foot traffic during the NBA season and year-round events.

2. Tourism & Culture

• Beale Street Entertainment District: Located just one block away, Beale Street attracts over 6 million visitors annually, making it one of the most visited tourist destinations in the state of Tennessee.

• The Peabody Hotel: Being directly across from the "South's Grand Hotel" positions your business in front of a high-net-worth demographic 365 days a year.

3. Corporate & Urban Growth

• Business District: Close proximity to the First Horizon Headquarters and numerous Class-A office buildings ensures a robust lunch and happy hour clientele.

• The Walk Development: Only one city block from the proposed $1 billion Walk Development at Union Ave and 4th St, a massive project set to further densify the downtown core and increase property values.

Property Specifications at a Glance

• Property Type: Retail / Full-Service Restaurant

• Building Type: Upscale Lifestyle Hotel (Canopy by Hilton - 174 Rooms)

• Max Contiguous Space: 4,522 SqFt

• Outdoor Space: 1,114 SqFt Covered Patio

• Location: High-visibility corner, Downtown Memphis

Why This Location?

This is more than just a lease; it is a partnership with a global hospitality brand in a city experiencing a massive urban renaissance. The combination of 174 guest rooms above, the gravitational pull of the Peabody Hotel, and the high-volume crowds from AutoZone Park creates a "triple-threat" location that is virtually unmatched in the Memphis MSA.

Development Insight: As Downtown Memphis expands toward the east with projects like The Walk, the Canopy Hotel remains the anchor of the traditional core. Operators who can provide high-quality, all-day service will thrive in this high-barrier-to-entry market.

Join the elite culinary landscape of South Main and the Downtown Core. For detailed floor plans, kitchen specifications, and leasing terms for the Canopy Hotel restaurant space, contact our commercial leasing team today.

Since this space requires breakfast, lunch, and dinner service, are you looking for an established regional operator or a national franchise that specializes in high-volume hotel dining?