3951 New Covington Pike, Memphis, TN 38128
Marcus & Millichap is pleased to present a 3,794+\- freestanding Burger King restaurant situated on a 0.93 acre lot in Memphis
(Shelby County), Tennessee. The property is a well-positioned outparcel to a Walmart Supercenter at the corner of
Austin Peay Highway and Covington Pike. Austin Peay Highway experiences average traffic counts of over 36,000 vehicles
daily, providing the subject property with a steady flow of customers. This Burger King also sits adjacent to Methodist North
Hospital, a 246-bed community hospital serving the area for more than 40 years. Additionally, the population within a fivemile
radius of the property is roughly 140,641 people, providing ample customers for this Burger King.
This Burger King is in the heart of a dense retail corridor with major tenants nearby including Walmart, Kroger, Walgreens,
Wendys, Pizza Hut, Popeyes, Circle K, Regions Bank, Goodwill, and more. The city is in the process of a major redevelopment
of the Raleigh Springs Civic Center; just 1.5 miles down Austin Peay Highway. This $42 Million dollar project includes
a police station, library, skatepark, an 11-acre lake with walking trails, and 20 acres of additional retail development.
Marcus & Millichap is pleased to present a 3,794+\- freestanding Burger King restaurant situated on a 0.93 acre lot in Memphis
(Shelby County), Tennessee. The property is a well-positioned outparcel to a Walmart Supercenter at the corner of
Austin Peay Highway and Covington Pike. Austin Peay Highway experiences average traffic counts of over 36,000 vehicles
daily, providing the subject property with a steady flow of customers. This Burger King also sits adjacent to Methodist North
Hospital, a 246-bed community hospital serving the area for more than 40 years. Additionally, the population within a fivemile
radius of the property is roughly 140,641 people, providing ample customers for this Burger King.
This Burger King is in the heart of a dense retail corridor with major tenants nearby including Walmart, Kroger, Walgreens,
Wendys, Pizza Hut, Popeyes, Circle K, Regions Bank, Goodwill, and more. The city is in the process of a major redevelopment
of the Raleigh Springs Civic Center; just 1.5 miles down Austin Peay Highway. This $42 Million dollar project includes
a police station, library, skatepark, an 11-acre lake with walking trails, and 20 acres of additional retail development.
