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Shopping Center Retail Space
For Lease
$21 SF/Yr

120 W Tiverton Way, Lexington, KY 40503

Retail space within a Lexington shopping center supported by established national retailers and a high-volume commercial corridor.

Space SizeContact for details
Days on Market35

Property Features for 120 W Tiverton Way

General Information

Standard status Active

Building Details

Year Built 1987
Listing Agency: True Line Real Estate
Listed By: Hunter Porter · License #223526
Source: Sellkentucky
Added: Jul 29 Changed: Aug 30 Last Checked: Aug 31 at 6:43PM

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 True Line Real Estate

Investment Insights

Based on property information with market context.

Fayette Place offers 12,325 square feet of retail space within a shopping center completed in 1987. The tenant roster includes Ross, Shoe Carnival, Carter's, and Dollar Tree, providing an established retail setting for the available space.

The property occupies a position on Nicholasville Rd in Lexington, adjacent to Fayette Mall and across from The Summit at Fritz Farm. The University of Kentucky is less than 2 miles away and has more than 30,000 students. The surrounding area combines retail and residential density, with reported traffic of 77,000 VPD.

Key Highlights

  • 12,325‑square‑foot retail space at Fayette Place
  • National retailers include Ross, Shoe Carnival, Carter's, and Dollar Tree
  • Located on Nicholasville Rd in Lexington, KY

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Auto Repair Shop Big Box & Wholesale Store Auto Parts Store

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

NNN (Triple Net)
Lease Type
$3.15 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

645
Businesses Nearby
834k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Dining 27% Superstores 19% Shops & Services 13% Apparel 11%
Walmart Superstores
159,361 visits/mo 0.3 miles
Cinemark Fayette Mall Leisure
55,513 visits/mo 0.4 miles
Whole Foods Market Groceries
46,316 visits/mo 0.2 miles
Lowe's Home Improvements & Furnishings
44,407 visits/mo 0.5 miles
J. Alexander's Dining
37,600 visits/mo 0.2 miles

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

Market

Lease Benchmarks for Lexington, KY

$21.33 /SF/Yr
Avg Asking Price
$9–$38 /SF/Yr
Price Range
75,143 SF
Avg Space Size

This space is priced 2% below the average of $21.33 /SF/Yr.

Vacancy Rate% for Retail in South region

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

What type of property is this?
Shopping center - Retail space within a Lexington shopping center supported by established national retailers and a high-volume commercial corridor.
Where is this shopping center located?
The property is located at 120 W Tiverton Way Lexington, KY.
What is the lease rate?
The lease rate is $21 SF/Yr.
What are key features of this property?
This property features: 12,325‑square‑foot retail space at Fayette Place; National retailers include Ross, Shoe Carnival, Carter's, and Dollar Tree; Located on Nicholasville Rd in Lexington, KY
More about this property
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