100% Occupied Retail Investment Property

145 Burt Road Lexington, KY 40503

145 Burt Road, Lexington, KY, 40503
145 Burt Road, Lexington, KY, 40503
FOR SALE FOR LEASE
Property Type:
Strip Center
Amount:
$1,920,000
Last Verified:
Jan 13, 2021

Highlights


Description

SVN Stone Commercial Real Estate is pleased to present this fully occupied prime retail strip center FOR SALE just off busy Nicholasville Road, in the heart one of Lexington’s busiest retail corridors. With the marquee & property visible from Nicholasville Road, the 15 businesses who call 145 Burt Road home receive the benefit of 40,235 passing vehicles per day.

A new investor can benefit from current owner’s detailed attention to renovating & leasing, with more than 80% of the units receiving full interior renovations in 2020. Tucked close to a Kroger anchored shopping center, with neighbors like Panera Bread, Burger King, Traditional Bank, and Jeff’s Car Wash, 145 Burt Road is perfectly located near popular 40503 neighborhoods, downtown Lexington (<2.8 miles), the University of Kentucky (1.5 miles), and Central Baptist Hospital (1.1 miles).

Lexington is highly ranked in a multitude of categories including the #9 most diversified metro economies in the US (WalletHub), #10 Best Cities for Young Professionals (SmartAsset), #2 Best Cities for College Grads (SmartAsset), and more.

For more information please contact Justin Ryder at 859.447.3285 // justin.ryder@svn.com.

SVN Stone Commercial Real Estate is pleased to present prime retail space for lease just off busy Nicholasville Road, in the heart one of Lexington’s busiest retail corridors. With the marquee visible from Nicholasville Road, businesses who call 145 Burt Road. home receive the benefit of 40,235 passing vehicles per day. Tucked close to a Kroger anchored shopping center, with neighbors like Panera Bread, Burger King, Traditional Bank, and Jeff’s Car Wash, 145 Burt Road provides retailers with an opportunity to be seen and serve their clients and customers from the center of Lexington’s busiest retail corridor. Landlord (also a contractor) is ready to get creative with listed spaces. Fit-up work will be done quickly to get you open for business in 2020, and there are currently units with turnkey availability! For more information please contact Justin Ryder at 859.447.3285 // justin.ryder@svn.com or Kyle Johnson at 859.619.1982 // kyle.johnson@svn.com.

Lexington, Kentucky has been rated as one of America's premier cities by some of the most noted and revered industry standard-bearers, such as Forbes magazine, the U.S. Census Bureau, Cognetics consulting group, Dun & Bradstreet, Ladies Home Journal, and Places Rated Almanac - just to name a few. Most people think of rolling countryside with stone fences, great basketball action, horse farms, Thoroughbred racing at Keeneland, a diverse economy, and outstanding schools, colleges and universities. Our community ranks high in quality of life factors, such as health care, public safety, educational attainment, and quality family living. The area also measures high among the best places for business location, creativity, entrepreneurial growth, and career relocation. Residents view Lexington as a beautiful place, with great schools, an innovative health care system, a strong economy, and mountains of potential.

Building Size: 12857sq ft
Lot Size: 1.3 acres

Units for Lease

Suite 12
Space Available: 595 SF
Lease Type: NNN

Price Per Sqft/Year: $12.0

Map of 145 Burt Road, Lexington, KY, 40503

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.