Ground Lease Retail
For Lease
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120 Malabu Drive, Lexington, KY 40503
Ground-lease outparcel at a new retail development with flexible building size for neighborhood and destination retail uses.
Space Size21,562 SF
Lot Size0.50 Acres
Days on Market147
Property Features for 120 Malabu Drive
General Information
Standard status
Active
Size
21,562 SF
Lot size
0.50 Acres
Property subtype
Padsites
Site & Location
Neighborhood
Deerfield Comm Assoc Inc
Traffic Count
45,326 vehicles/day
Spaces For Lease
at 120 Malabu Drive
Lot
Size
21,562 SF
Listing Agency:
NAI Isaac
Listed By:
P R Smith
(859) 224-2000
Source:
Thebrokerlist
Added: Jun 3
Changed: Oct 25
Last Checked: Oct 26 at 12:44PM
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
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Investment Insights
Based on property information with market context.
This offering presents a ground lease opportunity for a retail pad within The Venue, a new Lexington retail development. The outparcel is approximately 0.495 acres and is intended for either ground lease or build-to-suit development. The site can accommodate a building size of approximately 2,000 to 4,000 square feet depending on use and final design.
The Venue is located inside New Circle Road on Nicholasville Road, a highly trafficked retail corridor with approximately 45,326 VPD in front of the site. The development includes cross parking, supporting convenient customer access. Tenant activity in the surrounding project includes retailers and service concepts such as Dollar Tree, Jason’s Deli, and Tuk Tuk Snack Shop, along with other uses including fitness, childcare, eyecare, and local service operators.
This pad can be a strong fit for operators seeking to establish a small to mid-size retail presence within a purpose-built neighborhood retail hub. With build-to-suit options and on-site cross parking, the property supports a range of retail and service concepts designed to serve nearby residential areas and nearby employment and institutional demand.
The Venue is located inside New Circle Road on Nicholasville Road, a highly trafficked retail corridor with approximately 45,326 VPD in front of the site. The development includes cross parking, supporting convenient customer access. Tenant activity in the surrounding project includes retailers and service concepts such as Dollar Tree, Jason’s Deli, and Tuk Tuk Snack Shop, along with other uses including fitness, childcare, eyecare, and local service operators.
This pad can be a strong fit for operators seeking to establish a small to mid-size retail presence within a purpose-built neighborhood retail hub. With build-to-suit options and on-site cross parking, the property supports a range of retail and service concepts designed to serve nearby residential areas and nearby employment and institutional demand.
Key Highlights
- 0.495‑acre retail pad outparcel for ground lease or build‑to‑suit within The Venue retail development
- Flexible building size of approximately 2,000–4,000 SF depending on use and final design
- Ground lease rate listed at $6,000/month NNN (reduced)
Property Analytics
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Lease Details
45,326 VPD
Traffic count
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
1,756
Businesses Nearby
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Business Placement
Demographics for 40503, KY
28,073
Population
13,437
Households
2.1
Avg Household Size
39
Median Age
57%
College-Educated
96%
High-School Grad
8.8 sq mi
ZIP Area
3,190
Density / Sq Mi
$74,161
Median Household Income
$43,061
Median Earnings
$1,110
Median Rent
$280,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Commercial land - Ground-lease outparcel at a new retail development with flexible building size for neighborhood and destination retail uses.
Where is this commercial land located?
The property is located at 120 Malabu Drive Lexington, KY.
What are key features of this property?
This property features: 0.495‑acre retail pad outparcel for ground lease or build‑to‑suit within The Venue retail development; Flexible building size of approximately 2,000–4,000 SF depending on use and final design; Ground lease rate listed at $6,000/month NNN (reduced)
