Absolute NNN Showroom
1750 Bryant Road, Lexington, KY 40509
For Sale
Contact for pricing
Ashley HomeStore occupies the showroom under an absolute NNN lease with renewal options and scheduled annual rent adjustments.
Property Size43,391 SF
Lot Size4.51 Acres
Price / SF$195.43
Days on Market28
Property Features for 1750 Bryant Road
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Tenant in Place
Building Details
Year Built
Tenancy
Listing Agency:
Cushman & Wakefield - Phoenix, Arizona
Listed By:
Chris Hollenbeck · License KY SA584876000
(602) 538-7155
Source:
Crexi
Added: Oct 14
Changed: Nov 8
Last Checked: Nov 8 at 4:38PM
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 Cushman & Wakefield - Phoenix, Arizona
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Investment Insights
Based on property information with market context.
The Ashley HomeStore showroom was built in 2008 and contains approximately 43,391 square feet on a 4.51-acre site. The tenant has operated at the property since rent commenced in 2013. The absolute NNN lease extends through November 30, 2030, and includes three five-year renewal options. Annual rent adjustments are set at the lesser of 1.375% or 1.25 times CPI, with the next adjustment scheduled for December 1, 2026. The lease structure assigns no landlord responsibilities, as stated in the property information.
Located at 1750 Bryant Road in Lexington, Kentucky, the property is near Hamburg Pavilion, Costco Wholesale, Walmart Supercenter, Target, Lowe’s, and Best Buy. Man O’ War Boulevard carries approximately 40,000 vehicles per day, while Interstate 75 carries approximately 80,000 vehicles per day. The University of Kentucky is approximately 15 minutes away.
Located at 1750 Bryant Road in Lexington, Kentucky, the property is near Hamburg Pavilion, Costco Wholesale, Walmart Supercenter, Target, Lowe’s, and Best Buy. Man O’ War Boulevard carries approximately 40,000 vehicles per day, while Interstate 75 carries approximately 80,000 vehicles per day. The University of Kentucky is approximately 15 minutes away.
Key Highlights
- Ashley HomeStore has operated at the property since rent commenced in 2013
- 43,391 SF showroom on 4.51 acres; built in 2008
- Absolute NNN lease runs through November 30, 2030, with three five‑year renewal options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$516,110
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,322,200
$10.3M
Cap Rate 7%
$7,373,000
$7.4M
Cap Rate 9%
$5,734,556
$5.7M
Market Conditions
NOI Build-Up for 43,391 SF
Gross rent
$781.0K $18.00/SF
− Vacancy
−$43.7K −$1.01/SF
EGI
$737.3K $16.99/SF
− OpEx
−$221.2K −$5.10/SF
NOI
$516.1K $11.89/SF
Area
ZIP 40509
Vacancy
5.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,322,200
Cap Rate 7%
$7,373,000
Cap Rate 9%
$5,734,556
Alternative Uses
Best Use
Retail
$7.37M
$6.45M – $8.60M
NOI $516,110 @ 7.0% cap · market cap 6.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.04M
$7.91M – $10.55M
NOI $632,828 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
788
Businesses Nearby
505k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Groceries 27%
Shops & Services 20%
Home Improvements & Furnishings 2%
Meijer
Groceries
92,815 visits/mo
0.4 miles
Chick-fil-A
Dining
58,614 visits/mo
0.3 miles
Shell
Shops & Services
36,756 visits/mo
0.4 miles
Liquor Barn
Groceries
31,386 visits/mo
0.1 miles
Speedway
Shops & Services
25,074 visits/mo
0.3 miles
Demographics for 40509, KY
44,572
Population
19,802
Households
2.3
Avg Household Size
36
Median Age
57%
College-Educated
95%
High-School Grad
47.8 sq mi
ZIP Area
932
Density / Sq Mi
$89,429
Median Household Income
$52,489
Median Earnings
$1,317
Median Rent
$338,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - Ashley HomeStore occupies the showroom under an absolute NNN lease with renewal options and scheduled annual rent adjustments.
Where is this nnn property located?
The property is located at 1750 Bryant Road Lexington, KY.
What is the asking price?
The asking price for this property is $8,480,065.
What are key features of this property?
This property features: Ashley HomeStore has operated at the property since rent commenced in 2013; 43,391 SF showroom on 4.51 acres; built in 2008; Absolute NNN lease runs through November 30, 2030, with three five‑year renewal options
