Building Details

Year built 1987

Listing Agency: True Line Real Estate Show Phone

Listed By: Hunter Porter · License #223526 Show Phone

Added: Mar 6 Changed: Aug 4 Last Checked: Aug 13 at 6:06AM

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MLS# 26004210

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Investment Insights

Based on property information with market context.

Retail space is available within Fayette Place, an established shopping center comprising 12,325 square feet on an 11.63-acre site. The property was built in 1987 and carries B-3 zoning. The center’s tenant roster includes Ross, Shoe Carnival, Carter's, and Dollar Tree, providing a built-in retail setting for the available space.

Fayette Place is positioned along Nicholasville Rd in Lexington, adjacent to Fayette Mall and across from The Summit at Fritz Farm. The site is less than 2 miles from the University of Kentucky, which has more than 30,000 students, and sits within a densely populated retail and residential area. Reported traffic volume is 77,000 VPD.

Key Highlights

• 12,325‑square‑foot shopping center on an 11.63‑acre site
• B‑3 zoning with improvements built in 1987
• National tenant roster includes Ross, Shoe Carnival, Carter's, and Dollar Tree

Property Analytics

Property Profile

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

793

Businesses Nearby

1.1M

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Apparel 28% Dining 23% Superstores 15% Shops & Services 11%

Walmart Superstores

159,361 visits/mo 0.2 miles

DICK'S Sporting Goods Apparel

118,205 visits/mo 0.4 miles

Dillard's Apparel

57,252 visits/mo 0.4 miles

Cinemark Fayette Mall Leisure

55,513 visits/mo 0.2 miles

Whole Foods Market Groceries

46,316 visits/mo 0.3 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

$22.5 /SF/Yr

Avg Asking Price

$9–$38 /SF/Yr

Price Range

67,171 SF

Avg Space Size

This space is priced 7% below the average of $22.5 /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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this shopping centers located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Shopping center - Retail space within an established shopping center on a major retail 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 shopping center on an 11.63‑acre site; B‑3 zoning with improvements built in 1987; National tenant roster includes Ross, Shoe Carnival, Carter's, and Dollar Tree