Promenade Plaza: Restaurant/Retail Opportunity on Old Henry Road

Shopping Center for Lease
Catylist Listing ID: 29926696
Property Subtypes: Community Center, Neighborhood Center, Strip Center
Contiguous Space: 1,200 - 4,200 SF
Building Size (RSF): 16,575 SF
Gross Land Area: 1.66 Acres
Lease Rate: $22 PSF (Annual)
Base Monthly Rent: $2,200 - 7,700
Lease Types: NNN
Building Name: Promenade Plaza
Last Updated: 9/7/2017

Overview / Comments

Excellent restaurant/retail opportunity on Old Henry Road, formerly an extension of Pinnacle Fitness and Jasmine’s Café. The Tenants featured in this center include: Subway, Sam Meyers Cleaners, Anytime Fitness, and Liquor World.

There is only one remaining space available in Promenade Plaza. Located in the strip center in between Anytime Fitness and Liquor World with Old Henry Road exposure.

This bay is approximately 4,200 sq ft, with an additional ~1,000 sq ft of mezzanine space overlooking the facility.

If less square footage is needed, this space may be subdivided.

This exquisite high exposure retail space could be used for a multitude of purposes. The current floor plan features a large open layout, a former café with a common area door, a former nursery (containing an enclosed private restroom), a large women’s locker room (featuring four showers and four restrooms), and a mezzanine area (comprised of three private offices and a restroom).

Interiors include high ceilings and artistic design elements.

Promenade Plaza is beautifully constructed Class A strip center located on the corner lot of Old Henry Road and Terra Crossing Boulevard. The high end exterior finish and façade, featuring stone columns and large plate glass windows overlooking Old Henry Road and the Gene Snyder Freeway (I-265), making this center the ideal space for any retail user.

Great location, just off the Gene Snyder Freeway (0.25 miles), directly across the street from Jewish Hospital and minutes from Baptist Norton Medical Campuses. Located 0.4 miles from Eastpoint Business Park, with more than 29,834 employees within a three-mile radius.

The intersection of Old Henry Road and Terra Crossing Boulevard is soon to feature a lighted intersection, allowing excellent ingress and egress.

Ample exposure and signage along Old Henry Road. There are over 17,300 vehicles per day on this section of Old Henry Road, with numbers on the rise every day.

Promenade Plaza is perfectly positioned in one of Louisville's most affluent and fastest growing commercial and residential corridors. The property is in a cornerstone position at what is becoming one of the area's busiest traffic and highest growth corners.

The trade area for this new development has experienced tremendous residential and commercial growth over the past five years. The five-mile trade area population is 103,103 with an average household income of $109,387 (one-mile trade area average household income is $164,189).

Already a highly dense residential market, containing 42,163 households within a five-mile radius, the area surrounding Promenade Plaza is primed for commercial development. This is a remarkable opportunity to get in on a location right before everything is acquired.

Expand All Available Space

Suite: 106 & 107 4,200 SF $22 PSF (Annual) NNN
Level/Floor: First Floor
Space Available: 4,200 SF
Minimum Divisible: 1,200 SF
Lease Rate: $22 PSF (Annual)
$2,200 - 7,700 (Monthly)
Lease Type: NNN
Space Description: Excellent restaurant/retail opportunity on Old Henry Road, formerly an extension of Pinnacle Fitness and Jasmine’s Café. The Tenants featured in this center include: Subway, Sam Meyers Cleaners, Anytime Fitness, and Liquor World.

There is only one remaining space available in Promenade Plaza. Located in the strip center in between Anytime Fitness and Liquor World with Old Henry Road exposure.

This bay is approximately 4,200 sq ft, with an additional ~1,000 sq ft of mezzanine space overlooking the facility.

If less square footage is needed, this space may be subdivided.

This exquisite high exposure retail space could be used for a multitude of purposes. The current floorplan features a large open layout, a former café with a common area door, a former nursery (containing an enclosed private restroom), a large women’s locker room (featuring four showers and four restrooms), and a mezzanine area (comprised of three private offices and a restroom).

Interiors include high ceilings and artistic design elements.
Space Subcategory: Strip Center, Neighborhood Center
Date Available: 1/20/2016
Space Type: New
CAM Expenses $3.50 PSF (Annual)

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Taxing Authority: Jefferson
Tax ID/APN: 21366000060000
Zoning: C-1 - Commercial District
Retail Clientele: General, Family, Business, Recreation
Property Located Between: Old Henry Road and Terra Crossing Boulevard
Property Visibility: Excellent
Largest Nearby Street: Old Henry Road
Highway Access: Gene Snyder Freeway (I-265): Exit 29- Old Henry Road
Airports: Louisville International Airport (SDF)
Site Description: Flat, Landscaped, Class A Retail Strip Center
Area Description: Old Henry Crossing is a mixed use development of several hundred acres, comprised of hospitals, office, retail and even industrial use. Also near Lake Forest and many other eastern Jefferson County subdivisions
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2010
Exterior Description: High end exterior finish and façade, featuring stone columns and large plate glass windows overlooking Old Henry Road and the Gene Snyder Freeway (I-265).
Parking Type: Surface
Parking Description: Open lot, Striped
Total Parking Spaces: 78
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: C-1 and M-3

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,254 47,927 118,473
Median Age: 40.73 39.59 40.16
Households: 2,596 18,581 47,171
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