Freestanding Building in Brannon
131 Marlene Drive, Nicholasville, KY 40356
30,667 SF building on 2.4 acres in Brannon Crossing.
Type:Retail
Property size:
30,667 SFPrice / SF:
$117/SF- Added:
- Nov 21, 2025
- Days on Market:
- 182
- Last Refresh:
- Dec 3 at 5:35 am
Property Features for 131 Marlene Drive
General Information
- Standard status
- Active
- Size
- 30,667 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2007
Listing agent Brian McGuire License ##223721 (631) 761-9403
Listing office NAI Isaac (631) 761-9403
Listing date Nov 21, 2025
Source Naiglobal
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
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).
- Seller agrees to leaseback the property for 6‑12 months.
- Located in Brannon Crossing, a 100+ acre development with major retailers like Kroger, Hobby Lobby, and HomeGoods.
- +/-10,000 SF mezzanine level with offices, restrooms, and warehouse space.
Overview
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.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$3.24M
NOI $291,812 @ 9.00% cap · cautious / downside scenario
Moderate
$4.17M
NOI $291,812 @ 7.00% cap · market / base-case scenario
Aggressive
$5.84M
NOI $291,812 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| 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 Use Scenarios
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 Profile
Location Intelligence
Current Use by Public Records
Oak Factory Furniture ...
Furniture & Home Goods
Location Insight
- Map
- Local Demand
- City
- Nicholasville
- County
- Jessamine
- State
- Kentucky
- Longitude
- -84.537804
- Latitude
- 37.954778
Nearby Similar for Sale
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).
