Century Plaza

1127 US Hwy 127 S Frankfort, KY 40601

1127 US Hwy 127 S, Frankfort, KY, 40601
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FOR LEASE
Property Type:
Neighborhood Center
Amount:
Please Call Broker for Price

Last Verified:
Nov 07, 2024

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Highlights

  • +/-85,000 SF established retail shopping center with new to market 30,000 SF anchor position available
  • Ground lease available to accommodate up to 50,000 SF building
  • Excellent visibility and access from US 127 and within one mile of I-64
  • Frankfort is the Capitol of the Commonwealth of Kentucky drawing from Kentucky's two largest markets of Lexington and Louisville
  • With over 21,000 jobs, State Government is the leading industry in Frankfort
  • Anchored by Dollar General; former Big Lots anchor space available
  • Area retailers include Walmart, Lowe’s, Harbor Freight, Kroger, and more
  • Pylon signage available
  • 620 parking spaces available
  • +/-24,769 vehicles per day in front of the center
  • Landlord will provide standard white box finish
  • COMPETITIVE RATES AND FLEXIBLE TERMS!

Description

NAI Isaac is pleased to present leasing opportunities at Century Plaza, a 85,000 SF recently renovated shopping center on 14.30 acres. Redevelopment opportunity for ground lease and a +/-0.37 AC outparcel for ground lease. Anchored by Dollar General and former Big Lots anchor space available. Area retailers include Lowe's, Home Depot and Walmart. Pylon signage available. Ample 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. The city of Frankfort has grown steadily, relying on state government, manufacturing and spirits distilling to provide a strong employment base.

Building Size: 85000sq ft
Lot Size: 14.3 acres


Documents

Frankfort, Century Plaza
Century Plaza 2 Pg Flyer
Century Plaza Restaurant Outparcel

Units for Lease

Major A (former Big Lots)
Space Available: 30000 SF
Lease Type: NNN

Price Per Sqft/Year: $4.00 - $6.00
Major B
Space Available: 50000 SF
Lease Type:
Suite 1
Space Available: 8450 SF
Lease Type: NNN

Price Per Sqft/Year: $8.00
Suite 2
Space Available: 3200 SF
Lease Type: NNN

Price Per Sqft/Year: $10.00
Suite 3
Space Available: 7864 SF
Lease Type: NNN

Price Per Sqft/Year: $10.00
Suite 4
Space Available: 4000 SF
Lease Type: NNN

Price Per Sqft/Year: $10.00
Suite 7
Space Available: 6000 SF
Lease Type: NNN

Price Per Sqft/Year: $10.00
Suite 8
Space Available: 1200 SF
Lease Type: NNN

Price Per Sqft/Year: $10.00
Suite 10
Space Available: 1400 SF
Lease Type: NNN

Price Per Sqft/Year: $10.00
Suite 12
Space Available: 5000 SF
Lease Type: NNN

Price Per Sqft/Year: $10.00
Outparcel
Space Available: 16117 SF
Lease Type:

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

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.