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Restaurant Endcap with Patio
For Lease
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112 Lucille Dr, Lexington, KY 40511

Second-generation sublease space in a multi-tenant retail building with outdoor seating and established co-tenancy.

Space Size3,200 SF
Days on Market193

Property Features for 112 Lucille Dr

General Information

Standard status Active
Size 3,200 SF
Net Rentable 3,200 SF
Property subtype Strip Center

Space & Availability

Available Space 3,200 SF
Contiguous Space 3,200 SF
Space Use Restaurant
Sublease Yes

Site & Location

End Cap Yes
Anchor Co-Tenants Starbucks, Clark's Pump-N-Shop, UK Federal Credit Union

Additional Details

Patio Yes

Amenities

outside patio area

Building Details

Building Size 3,200 SF
Year Built 2023
Tenancy Multi

Spaces For Lease

at 112 Lucille Dr Contact us

Suite 150

Size
3,200 SF
Lease Type
NNN
Contact us
Listing Agency: NAI Isaac
Listed By: Zach Smith
Source: Thebrokerlist
Added: Feb 18 Changed: Aug 30 Last Checked: Aug 30 at 5:23PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Isaac

Investment Insights

Based on property information with market context.

Approximately 3,200 SF of second-generation restaurant space is available for sublease at an endcap within an existing multi-tenant building. The premises include an outdoor patio that can accommodate up to 24 seats, providing an additional service area for the restaurant use. The existing lease expires 3/1/2034.

The property is positioned at the main entrance to The Villages at Great Acres on Leestown Road, just north of Citation Boulevard in Lexington. The 51-acre development includes commercial outlots and retail space, with 127 new townhomes and 366 new apartments set among green space and a pond. Current co-tenancy includes Starbucks, Clark's Pump-N-Shop, and UK Federal Credit Union, with Ramsey's Diner and Osaka in the existing building.

The development is planned to connect directly with the Masterson Station neighborhood and the Legacy Trail, which connects with downtown.

Key Highlights

  • Approximately 3,200 SF of second‑generation restaurant space available for sublease
  • Endcap position at the main entrance to The Villages at Great Acres
  • Outdoor patio area accommodating up to 24 seats

Property Analytics

Current Use

Krispy Krunchy Chicken Restaurant Ramsey's Diner - Masterson ... Restaurant Biscuit Belly - Masterson ... Restaurant

Suggested Use

Top Pick Law Firm Real Estate Agency Spa & Massage Center Hair Salon Dental Office Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

243
Businesses Nearby
30k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Groceries 46% Shops & Services 31% Dining 22%
Crossroads IGA Groceries
14,135 visits/mo 0.4 miles
Shell Shops & Services
9,563 visits/mo 0.4 miles
Starbucks Dining
6,772 visits/mo 0.2 miles

Demographics for 40511, KY

36,146
Population
14,963
Households
2.4
Avg Household Size
35
Median Age
38%
College-Educated
89%
High-School Grad
86.0 sq mi
ZIP Area
420
Density / Sq Mi
$77,476
Median Household Income
$43,416
Median Earnings
$1,159
Median Rent
$233,400
Median Home Value

Market

Lease Benchmarks for Lexington, KY

$35 /SF/Yr
Avg Asking Price
$25–$45 /SF/Yr
Price Range
37,761 SF
Avg Space Size

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Second-generation sublease space in a multi-tenant retail building with outdoor seating and established co-tenancy.
Where is this conventional restaurant located?
The property is located at 112 Lucille Dr Lexington, KY.
What are key features of this property?
This property features: Approximately 3,200 SF of second‑generation restaurant space available for sublease; Endcap position at the main entrance to The Villages at Great Acres; Outdoor patio area accommodating up to 24 seats
More about this property
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