Nicholasville, KY Retail Property For Sale

We are pleased to present this 30,667 SF free-standing retail building for sale in Brannon Crossing. 131 Marlene Drive is situated on 2.4 acres fronting Nicholasville Road (43,000+ VPD) and across from a +/- 60 acre Menards Development. The corridor between Lexington and Nicholasville, KY has continued to compress, shown by the commitment to recent massive development projects such as the Summit, Bethel Harvest, and a new Menards.

HIGHLIGHTS

Prime Location and Visibility off Nicholasville Road

30,667 SF of Retail Space

In the absolutely booming Brannon Crossing Development

Located near The Summit, Menards, and Bethel Harvest

Zoned B-2

Block + Lot is pleased to bring to market Edgewood Plaza located at 115 Edgewood Plaza in Nicholasville, KY. This 37,360 SF (per PVA) shopping center is a three tenant center anchored Dollar General and Napa Auto Parts. This investment provides the unique opportunity for a value add investor to acquire a stabilized asset and reposition value by purchasing the property at a below replacement cost low basis ($46.84/SF), add term length, increase in place below market rents, and flipping lease structures to true NNN. The property has abundant parking and approximately 170 feet of South Main Street frontage.

Property Highlights:

• Substantially below replacement cost ($46.84/SF)

• Value add opportunity

• National credit anchors

• Lexington MSA

• Stabilized asset with 7% in place Cap Rate

• Contact Agents for financials

Excellent development opportunity in the heart of Nicholasville. This corner property with drive thru is located on Blueberry Ln which is a Main Street service rd, along a corridor of national credit retailers. This is a high density residential and commercial area, connecting downtown Nicholasville to Lexington Rd.

The property is suited for various retail development opportunities including QSR, retail, bank, and sit down restaurant. All kitchen equipment included in sale and only 2 years old. Pylon sign included and available for next user.

Utilities are to site as this is currently a functioning and successful restaurant location, making this pad ready and ripe for development, reuse, or redevelopment.

Restaurant is currently in operation, please refrain from discussing sale offering with employees.

Location, location, location!! Located next door to KIA dealership and across Lexington Road from Sam’s and offering elevated exposure with corner lot accessibility.

Owner has made numerous upgrades to this property.

Great 8 bay service area, showroom floor, customer waiting and reception. One of the more recognizable properties on Lexington Road. Come take a look!!

There are 2 commercial lots for sale that are located on Keene Road and the access road to Lowe's. Lot #2 is 1.14 acres and lot #3 is 1.56 acres. They can be bought together for $1,200,000 or separately for $650,000 for each lot. Excellent location that is visible from Highway 27. This is a very high traffic area. Great location for a retail strip center.