NEW Retail Space - The Venue

120 Malabu Drive Lexington, KY 40503

120 Malabu Drive, Lexington, KY, 40503
120 Malabu Drive, Lexington, KY, 40503 120 Malabu Drive, Lexington, KY, 40503 120 Malabu Drive, Lexington, KY, 40503 120 Malabu Drive, Lexington, KY, 40503 120 Malabu Drive, Lexington, KY, 40503
FOR LEASE
Property Type:
Strip Center
Amount:
Please Call Broker for Price

Last Verified:
Nov 06, 2024

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Highlights

  • NEW RETAIL SPACE COMING SOON!
  • +/-1,500 - 5,300 SF for lease
  • Located within The Venue, a new Lexington retail development
  • Cross parking is available within the development
  • Nearby tenants include Dollar Tree, Jason's Deli, Tuk Tuk Snack Shop, HITS Fitness, Floyd 99 Barbershop, La Petite Academy, Eyecare Center, Spectrum, Buff City Soap and more
  • Nicholasville Road is one of Lexington’s most desirable and highly trafficked retail corridors with over 45,326 VPD in front of the site
  • University of Kentucky Campus (30,000+ enrollment) is located within 2 miles
  • Close proximity to the +1.2 Million SF Fayette Mall, Plaza at Fayette Mall, Summit at Fritz Farm, Blue Grass Airport, downtown and Baptist Health
  • Rental Rate: $30.00 PSF NNN

Description

NAI Isaac is pleased to present new retail space within The Venue. The Venue is located inside New Circle Road on Nicholasville Road, Lexington’s most desirable and highly trafficked retail corridor with +/-45,326 VPD. This location provides strong daytime and evening traffic, retail support and residential density. Close proximity to the +1.2 Million SF Fayette Mall, Plaza at Fayette Mall, Summit at Fritz Farm, University of Kentucky, Blue Grass Airport, downtown and Baptist Health.

The property is located within Lexington's newest retail development, The Venue. In its scale, the curated tenant mix and its overall design, The Venue is targeted to serve as a retail hub for the nearby residential neighborhoods on both sides of Nicholasville Road, in addition to serving the nearby hospitals and the University of Kentucky campus.

Building Size: 5300sq ft
Lot Size: 0.5 acres


Documents

NEW Retail Space-The Venue

Units for Lease

Suite 120
Space Available: 5300 SF
Lease Type: NNN

Price Per Sqft/Year: $30.00

Map of 120 Malabu Drive, Lexington, KY, 40503

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.