Here's a breakdown of the phrase:
* Je - I
* reviens - come back (present tense of revenir)
* tout de suite - immediately, right away
You can also use these variations:
* Je reviens dans un instant (I'll be back in a moment)
* Je suis de retour dans un instant (I'm back in a moment)
* Je reviens tout à l'heure (I'll be back soon)
The choice of phrase depends on how long you expect to be gone.