Grand Central Place

2835 S Highway 27 Somerset, KY 42503

2835 S Highway 27, Somerset, KY, 42503
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FOR LEASE
Property Type:
Power Center
Amount:
Please Call Broker for Price

Last Verified:
Oct 01, 2024

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Highlights

  • 293,613 SF regional shopping center anchored by Hobby Lobby, TJ Maxx and Dunham’s Sports
  • 750 – 25,000 SF available for lease
  • Planet Fitness and Ollie's Bargain Outlet NOW OPEN!
  • Excellent visibility and access from US Highway 27 (+26,818 ‘19 ADT)
  • Regional retail trade area population of over 255,000*
  • 3.9 million people visited Lake Cumberland in 2011**
  • Pylon signage available
  • Below market rental rates and flexible terms
  • Renovated property with creative and aggressive ownership
  • Professionally managed by NAI ISAAC Property Management Team

Description

NAI Isaac is pleased to present Grand Central Place, a recently renovated 293,613 SF retail shopping center with 1,000 SF and up available for lease. Excellent visibility and access from US 27 with monument signage available for anchor tenants and below market rental rates and flexible terms. Grand Central Place is anchored by Hobby Lobby, Dunham Sports and TJ Maxx. Planet Fitness and Ollie's Bargain Outlet NOW OPEN!

Grand Central Place is located in the city of Somerset on US Hwy 27, 73 miles south of Lexington, Kentucky and 129 miles north of Knoxville, Tennessee. Somerset is located at the convergence of Knox, Laurel and Whitley Counties and serves a regional trade area population of 195,000 plus. Lake Cumberland also provides considerable tourist/weekend shoppers.

Grand Central Place is located in the city of Somerset on US Hwy 27, 73 miles south of Lexington, Kentucky and 129 miles north of Knoxville, Tennessee. Somerset is located at the convergence of Knox, Laurel and Whitley Counties and serves a regional trade area population of 195,000 plus. Lake Cumberland also provides considerable tourist/weekend shoppers.

Building Size: 293613sq ft
Lot Size: 0 acres


Documents

Grand Central Place

Units for Lease

Suite 180
Space Available: 2000 SF
Lease Type: NNN
Suite 238
Space Available: 750 SF
Lease Type: NNN
Suite 248
Space Available: 1000 SF
Lease Type: NNN
Suite 278
Space Available: 3500 SF
Lease Type: NNN
Suite 300
Space Available: 25000 SF
Lease Type: NNN
Suite 320
Space Available: 5038 SF
Lease Type: NNN
Suite 401
Space Available: 7167 SF
Lease Type: NNN

Map of 2835 S Highway 27, Somerset, KY, 42503

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.