Free Standing Restaurant For Lease on Versailles Road

Retail-Commercial for Lease
Lease Pending
Catylist Listing ID: 30569233
Property Subtypes: Free-Standing Building, Restaurant
Status: Pending
Contiguous Space: 2,076 SF
Building Size (RSF): 2,076 SF
Gross Land Area: 0.76 Acres
Lease Rate: $5,000 (Monthly)
$28.90 PSF (Annual)
Lease Types: NNN
Has Drive-Thru? Yes
Usable Size (USF): 2,076 SF
Last Updated: 4/2/2021

Overview / Comments

We are pleased to present this exciting lease opportunity in Lexington, KY. This property is situated at the signalized intersection of Versailles Road and Red Mile/S Forbes. Road. This property is a former Lee's Famous Recipe fast casual restaurant with a drive-thru. It is conveniently located within steps of several student housing apartments for the University of Kentucky, and less than 2 miles from UK's campus. Red Mile Gaming and Racing (www.redmileky.com) is located directly across Red Mile Rd. The property sits less than a mile from downtown Lexington and the thriving Distillery District. Traffic count on Versailles Road are over 24,000VPD. This property could also be available for purchase.

Highlights:
Former Restaurant with Drive Thru for Lease
2,076 sf building on a 0.76 acre lot
$5,000/month NNN
B-1 Zoning
Signalized Intersection with Direct Access to Versailles Rd & Red Mile Rd
Red Mile Gaming & Racing is located directly across Red Mile Rd
This property could also be available for purchase

Expand All Available Space

Suite: 1 2,076 SF $5,000 (Monthly) NNN
Status: Pending
Space Available: 2,076 SF
Lease Rate: $5,000 (Monthly)
$28.90 PSF (Annual)
Lease Type: NNN
Date Available: 2/1/2020
Space Type: Relet

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Tax ID/APN: 10017390
Zoning: B-1
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Versailles Rd & Red Mile Rd
Property Visibility: Excellent
Largest Nearby Street: Versailles Rd
Traffic/Vehicle Count: 24,000
Area Description: Lexington, Kentucky has been rated as one of America's premier cities by some of the most noted and revered industry standard-bearers, such as Forbes magazine, the U.S. Census Bureau, Cognetics consulting group, Dun & Bradstreet, Ladies Home Journal, and Places Rated Almanac - just to name a few. Most people think of rolling countryside with stone fences, great basketball action, horse farms, Thoroughbred racing at Keeneland, a diverse economy, and outstanding schools, colleges and universities. Our community ranks high in quality of life factors, such as health care, public safety, educational attainment, and quality family living. The area also measures high among the best places for business location, creativity, entrepreneurial growth, and career relocation. Residents of competing cities view Lexington as a beautiful place, with great schools, an innovative health care system, a strong economy, and mountains of potential.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1984

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,697 114,293 226,181
Median Age: 26.99 34.13 35.38
Households: 6,135 46,587 96,182
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