Retail Hub Storefront
For Lease
Contact for pricing
124 Malabu Dr, Lexington, KY 40503
Positioned on a highly trafficked Lexington retail corridor, offering storefront space within a newly developed retail hub.
Space SizeContact for details
Days on Market1662
Property Features for 124 Malabu Dr
General Information
Standard status
Active
Property subtype
Retail
Zoning
COMMERCIAL
Site & Location
Neighborhood
Deerfield Comm Assoc Inc
Traffic Count
45,326 vehicles/day
Amenities
Power
Water
Sewer
Spaces For Lease
at 124 Malabu Dr
Available Space
$28/Mo
Listing Agency:
NAI Isaac
Listed By:
Paul Ray Smith · License #30436
(859) 420-2200
Source:
Kcrea.resimplifi
Added: Apr 11, 2022
Changed: Oct 25
Last Checked: Oct 26 at 12:40PM
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 provides retail storefront opportunities within The Venue, a newer Lexington-area retail development designed to function as a local retail hub. The development is described as having a curated tenant mix and an overall design intended to support surrounding demand from both sides of Nicholasville Road and from major nearby employment and activity centers.
The Venue is located inside New Circle Road on Nicholasville Road, described as one of Lexington’s most desirable and highly trafficked retail corridors with approximately +/-45,326 VPD. The property is presented with strong regional draw, including proximity to Fayette Mall and related shopping areas, Summit at Fritz Farm, the University of Kentucky, Blue Grass Airport, downtown, and Baptist Health.
For retail operators and investors, this location profile supports concepts that benefit from consistent daytime and evening traffic and visibility along a major thoroughfare. The mix and tenant purpose are positioned toward serving nearby residential neighborhoods while also capturing foot traffic from the University of Kentucky and hospital demand.
The Venue is located inside New Circle Road on Nicholasville Road, described as one of Lexington’s most desirable and highly trafficked retail corridors with approximately +/-45,326 VPD. The property is presented with strong regional draw, including proximity to Fayette Mall and related shopping areas, Summit at Fritz Farm, the University of Kentucky, Blue Grass Airport, downtown, and Baptist Health.
For retail operators and investors, this location profile supports concepts that benefit from consistent daytime and evening traffic and visibility along a major thoroughfare. The mix and tenant purpose are positioned toward serving nearby residential neighborhoods while also capturing foot traffic from the University of Kentucky and hospital demand.
Key Highlights
- Storefront leasing opportunities at The Venue inside New Circle Road on Nicholasville Road in Lexington
- Nicholasville Road retail corridor with +/-45,326 VPD reported in the marketing remarks
- Close proximity to Fayette Mall (+/-1.2 million SF), Plaza at Fayette Mall, and Summit at Fritz Farm
Property Analytics
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Current Use
Lease Details
45,326 VPD
Traffic count
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
1,756
Businesses Nearby
667k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Shops & Services 30%
Groceries 13%
Apparel 7%
Chick-fil-A
Dining
53,399 visits/mo
0.3 miles
Trader Joe's
Groceries
46,788 visits/mo
0.1 miles
Kroger
Groceries
42,605 visits/mo
0.3 miles
Raising Cane's Chicken Fingers
Dining
41,053 visits/mo
0.2 miles
Five Below
Shops & Services
39,156 visits/mo
0.1 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
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Market
Lease Benchmarks for Lexington, KY
$22.02 /SF/Yr
Avg Asking Price
$9–$30 /SF/Yr
Price Range
83,174 SF
Avg Space Size
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Lexington Green — 161 Lexington Green Cir, Lexington, KY 40503
- South Park Shopping Center — 3220 Nicholasville Rd, Lexington, KY 40503
- Coin Cloud Bitcoin ATM — 100 Regency Point Path #130, Lexington, KY 40503
- The Venue — 148 Malabu Dr, Lexington, KY 40503
- Kroger Regency Centre — 150 W Lowry Ln, Lexington, KY 40503
Frequently Asked Questions
What type of property is this?
Shopping center - Positioned on a highly trafficked Lexington retail corridor, offering storefront space within a newly developed retail hub.
Where is this shopping center located?
The property is located at 124 Malabu Dr Lexington, KY.
What are key features of this property?
This property features: Storefront leasing opportunities at The Venue inside New Circle Road on Nicholasville Road in Lexington; Nicholasville Road retail corridor with +/-45,326 VPD reported in the marketing remarks; Close proximity to Fayette Mall (+/-1.2 million SF), Plaza at Fayette Mall, and Summit at Fritz Farm
