Simpson Center

1080 South Broadway Lexington, KY 40503

1080 South Broadway, Lexington, KY, 40503
1080 South Broadway, Lexington, KY, 40503 1080 South Broadway, Lexington, KY, 40503 1080 South Broadway, Lexington, KY, 40503 1080 South Broadway, Lexington, KY, 40503 1080 South Broadway, Lexington, KY, 40503
FOR LEASE
Property Type:
Neighborhood Center
Amount:
Please Call Broker for Price

Last Verified:
Dec 13, 2024

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Highlights

  • +/-22,171 SF retail center adjacent to South Broadway Marketplace
  • Suite 107: +/-1,740 SF second generation restaurant endcap; Available 1/1/25
  • Conveniently located near the main University of Kentucky campus, several major student housing complexes, Saint Joseph Hospital and Lexington Clinic main campus
  • Approximately 1.5 miles from downtown Lexington
  • Multiple access points
  • Join First Watch, Buffalo Wild Wings, Penn Station Subs, and more
  • +/-37,680 ('23) vehicles per day pass in front of the center
  • Strong demographic area with population over 108,000 within a 3 mile radius
  • Zoned B-1, Neighborhood Business
  • Rental Rate: $20.00 - $21.00 PSF
  • NNN estimated at $4.63 PSF

Description

NAI Isaac is pleased to present leasing opportunities at Simpson Center, a +/-22,171 SF retail center, conveniently located near University of Kentucky, student housing complexes, Saint Joseph Hospital, Lexington Clinic and downtown Lexington. Join First Watch, Buffalo Wild Wings, Penn Station Subs, and more. Average daily traffic count of +/-37,680 ('23) vehicles per day pass in front of the center.

This site is located on South Broadway Avenue, carrying +/-37,680 ('23) vehicles per day. Simpson Center is 1½ miles from downtown Lexington, ½ mile from the University of Kentucky and The Red Mile. The University of Kentucky has over 30,720 students and over 12,500 employees. Presently, +71,655 employees are working within one mile of the property. The Red Mile is the second oldest harness track in the world. For over 130 years, harness racing’s elite have converged on The Red Mile to stage some of the greatest equine battles in history. In addition to each year's showcase horse racing, The Red Mile (home to the new Racino, a $42M renovation), in partnership with Keeneland, simulcasts 364 days a year.

Presently, +/-10,500 employees are working in Lexington’s Central Business District. Additionally, four major medical centers attracting over 6,500 patient visits per day and with over 8,350 employees are within a 1½ mile distance. The center is also very convenient to all of the new office campus student housing projects. These factors provide a strong business base from the working and student populations.

Building Size: 22171sq ft
Lot Size: 0 acres


Documents

Simpson Center, Lexington
Simpson Center Flyer

Units for Lease

Suite 107
Space Available: 1740 SF
Lease Type: NNN

Price Per Sqft/Year: $20.00

Map of 1080 South Broadway, 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.