Morehead, KY New Construction Retail

Retail-Commercial for Lease
Catylist Listing ID: 30856165
Property Subtypes: Street Retail
Contiguous Space: 2,617 - 5,895 SF
Total Available: 11,790 SF
Gross Building Area: 5,895 SF
Lease Rate: $18 PSF (Annual)
Base Monthly Rent: $3,925 - 8,842
Lease Types: NNN
Last Updated: 2/23/2024

Overview / Comments

We are pleased to bring to market the opportunity to lease up to 5,895 square feet of new construction retail space located at 15 Viking Drive in Morehead, KY.

The property sits next to a top tier Walmart and would be considered in the best retail stretch of Morehead with Walmart, Lowes, and Kroger all within the same 3 minute drive, many retailers in the area are in the top 10% of their companies nationwide. With T-Mobile and a yet to be announced recently signed tenant as co-tenants, ownership is seeking retail uses of all kinds to complete the tenant synergy that this corridor has created.

Additionally, Ownership would be willing to subdivide the remaining vacancy to two tenants if desired.

Highlights:
Walmart Shadow Anchor Retail Center
Stellar Surrounding Retailer Rankings Per Placer AI - Walmart (Nationwide: 280 / 3,833, Kentucky: 7/83) Dollar Tree (Nationwide: 1,125 / 7,672, Kentucky: 11/143), Speedway (Nationwide: 149 / 2,651, Kentucky: 14/134)
Flemingsburg Road VPD: 19,470, I-64 VPD: +/- 23,972
Home of Morehead State with entrollment of roughly 9,000 students

Expand All 3 Spaces Available

Suite: 2 2,617 SF $18 PSF (Annual) NNN
Suite: 2 and 3 Combined 5,895 SF $18 PSF (Annual) NNN
Suite: 3 3,278 SF $18 PSF (Annual) NNN

Additional Details

Nearest MSA: Cincinnati
County: Rowan
Tax ID/APN: f27508fb-bf22-47c1-b924-702a264bf7713769
Zoning: COMMERCIAL
Area Description: Morehead, Kentucky, is a city of Rowan County, Kentucky. Rowan County consists of 9.3 square miles of land area and sets at an elevation of 738 foot. The city is named for Governor James T. Morehead and Morehead is the county seat of Rowan County. Interstate 64, a major East-West artery through Morehead connecting to Interstate 75 and Interstate 79 in Charleston, West Virginia, provides easy access to other major cities in Kentucky. As of 2009, the population for Rowan County is 22,716 not including the near 7,000 full time students at Morehead State University.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Zoning Description: Commercial

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 7,508 15,115
Median Age: 25.68 30.99
Households: 2,451 5,456
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