Freestanding Building in Brannon
131 Marlene Drive Nicholasville, KY 40356
For Sale
$3,590,000
30,667 SF building on 2.4 acres in Brannon Crossing.
Property Size30,667 SF
Price / SF$117.06
Days on Market245
Property Features for 131 Marlene Drive
General Information
- Standard status
- Active
- Size
- 30,667 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2007
Listing Agency:
NAI Isaac
(859) 221-4000
Listed By:
Al Isaac · License #KY #223721
(859) 221-4000
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Jul 24 at 6:04AM
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.
Located in Brannon Crossing on Nicholasville Road (US 27) in Jessamine County, just south of the Fayette County line, this freestanding building offers approximately 30,667 square feet of space on approximately 2.4 acres. The building, constructed in 2007, features a footprint of approximately 20,667 square feet with an additional approximately 10,000 square foot mezzanine. The first floor primarily consists of open retail space, two rear offices, and restrooms. The second floor includes offices, restrooms, and warehouse space. There are 68 on-site parking spaces. Brannon Crossing is a 100+ acre development strategically located approximately one mile south of Man O' War Boulevard. US 27 is a primary traffic artery with 43,918 vehicles per day, connecting Lexington with Nicholasville and other communities to the south. The property is situated in front of Brannon Crossing, offering excellent visibility from Nicholasville Road (US 27). The location is adjacent to Bob Evans, Zips Carwash, and Kroger. The first floor consists of open retail space, two rear offices and restrooms. The seller agrees to leaseback the property for 6-12 months. Major draws for the center include one of the largest Kroger supermarkets in Kentucky, Hobby Lobby, Petsmart, HomeGoods, Marshalls and numerous successful restaurants and retailers.
Key Highlights
- +/-30,667 SF freestanding building on +/-2.4 acres in Brannon Crossing.
- Located in high‑traffic area on Nicholasville Road (US 27) with 43,918 VPD.
- Excellent visibility from Nicholasville Road (US 27).
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $441.6k | $14.40 |
| − Vacancy | −$24.7k | −$0.81 |
| EGI | $416.9k | $13.59 |
| − OpEx | −$125.1k | −$4.08 |
| NOI | $291.8k | $9.52 |
30,667 SF · lease $14.40/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.17M
$3.65M – $4.86M
NOI $291,812 @ 7.0% cap · market cap 8.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.77M
$6.80M – $9.07M
NOI $544,057 @ 7.0% cap · market cap 15.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Oak Factory Furniture ...
Furniture & Home Goods
FAQs
What type of property is this?
Retail space - 30,667 SF building on 2.4 acres in Brannon Crossing.
Where is this retail space located?
The property is located at 131 Marlene Drive Nicholasville, KY.
What is the asking price?
The asking price for this property is $3,590,000.
What are key features of this property?
This property features: +/-30,667 SF freestanding building on +/-2.4 acres in Brannon Crossing.; Located in high‑traffic area on Nicholasville Road (US 27) with 43,918 VPD.; Excellent visibility from Nicholasville Road (US 27).
