Century Plaza

1127 US Hwy 127 S Frankfort, KY 40601

1127 US Hwy 127 S, Frankfort, KY, 40601
1127 US Hwy 127 S, Frankfort, KY, 40601
FOR LEASE
Property Type:
Neighborhood Center
Last Verified:
Nov 06, 2019

Highlights

  • RENOVATION UNDERWAY!
  • +/-134,000 sf retail shopping center on +/-14.3 acres
  • Redevelopment Opportunity available for ground lease or build-to-suit
  • Anchored by Big Lots, Dollar General and Red Dot Liquors
  • Area retailers include Lowe’s, Home Depot and Walmart
  • Monument signage available for anchor tenants
  • 620 parking spaces available
  • Excellent visibility and access from US 127 and within one mile of I-64
  • Average Daily Traffic Count of +29,700 vehicles per day
  • Strong demographic support with a population of 35,365 within a 5 mile radius and an average household income of $53,832
  • Landlord will provide standard white box to tenants, including drywall ready for paint, concrete ready for flooring, acoustical tile ceiling, lighting and restrooms
  • COMPETITIVE RATES AND FLEXIBLE TERMS!
  • All rates are NNN ($1.20 psf est.)

Description

NAI Isaac is pleased to present Century Plaza, a 134,000 sf retail shopping center on 14.30 acres. Century Plaza is currently undergoing renovation! Redevelopment opportunity for ground lease or build-to-suit and a +/-0.37 AC outparcel for ground lease. Anchored by Big Lots, Dollar General and Red Dot Liquors. Area retailers include Lowe's, Home Depot and Walmart. Monument signage is available for anchor tenants. Lots of parking with 620 spaces. Excellent visibility and access from US 127 and within 1 mile of I-64. An average of 29,700 vehicles per day pass by the center. Strong demographic support with a population of 35,365 within a 5 mile radius and an average household income of $53,832. Landlord will provide standard white box to tenants, including drywall ready for paint, concrete ready for flooring, acoustical tile ceiling, lighting and restrooms. Competitive rates and flexible terms!

Century Plaza is located approximately 1 mile off of I-64 at Exit 53B in Frankfort, KY. The property is situated in a high traffic area on US 127, Frankfort's major retail corridor. Frankfort, the Capitol of the Commonwealth, is bisected by the Kentucky River and is the midway point between Kentucky' s two largest markets of Lexington and Louisville. Frankfort is 29 miles west of Lexington, 54 miles east of Louisville and 107 miles southwest of Cincinnati.

Frankfort is home to Kentucky State University, a four year liberal arts college, with an enrollment of 2,400 students. Frankfort also has a Sports and Convention Center which seats 8,500 and attracts many concerts, sporting events and art exhibits to the city. The city of Frankfort has grown steadily, relying on state government, manufacturing and spirits distilling to provide a strong employment base.

Building Size: 134000.0sq ft
Lot Size: 14.3 acres

Units for Lease

Major B
Space Available: 50000 SF
Lease Type: NNN
Suite 1
Space Available: 8450 SF
Lease Type: NNN

Price Per Sqft/Year: $8.0
Suite 2
Space Available: 3200 SF
Lease Type: NNN

Price Per Sqft/Year: $10.0
Suite 4
Space Available: 4000 SF
Lease Type: NNN

Price Per Sqft/Year: $10.0
Suite 7
Space Available: 6000 SF
Lease Type: NNN

Price Per Sqft/Year: $10.0
Suite 8
Space Available: 1200 SF
Lease Type: NNN

Price Per Sqft/Year: $10.0
Suite 10
Space Available: 1400 SF
Lease Type: NNN

Price Per Sqft/Year: $10.0
Suite 12
Space Available: 5000 SF
Lease Type: NNN

Price Per Sqft/Year: $10.0
Outparcel
Space Available: 16117 SF
Lease Type:

Price Per Sqft/Year: $1.34

Map of 1127 US Hwy 127 S, Frankfort, KY, 40601

Presented by:
Thumb_pic

Request additional information
Icon_cce55ad48a


Icon_d6a69ddfae


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

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.