Description

$1,095,000

9,000 SF

Stable Retail investment Opportunity – 1719 North Broadway is conveniently located between New Circle Rd. (Highway 4) and Interstate 75/64 in Lexington, KY. This highly visible site boasts tremendous traffic counts. The property is currently 100% occupied, and has maintained stable occupancy since purchased in 2006. The property also holds value add potential with an average rental rate below current market rates, and all current leases include renewal options with rent escalations. 

Property Highlights:

  • Retail Investment Property Located on the highly traveled North Broadway/Paris Pike.
  • Very High Daily Traffic Counts. (26,600 ADTC)
  • Multiple National Tenants
  • Conveniently located between New Circle Rd. and I-75/64.
  • Historical Occupancy at or above 90%.
  • All current leases have renewal options with rent escalations.
  • Value Add Potential – Average Rental Rate of $11.22/SF (Modified Gross) – below market average.  

Contact:

Adam Boardman
O: 859.309.0099 x226
C: 859.338.8243
Adam@BALrealestate.com

Clay Angelucci
O: 859.309.0099 x223
C: 859.338.8800
Clay@BALrealestate.com

1719 North Broadway OM Public

1719 Confidentiality Agreement

Images

2 3 4 aerial labeled- website size

Location

Ideally located on North Broadway, between New Circle Rd. (Hwy 4) and I-75/64 in Lexington, KY. Less than 3 miles from Downtown Lexington and less than 1 mile from I-75/64 interchange.

 

Questions?

Get in touch with us:

info@balrealestate.com
859.309.0099