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Retail Building on Walden Drive
For Lease
$21.50 SF/Yr

3605 Walden Drive, Lexington, KY 40517

Single-story retail building in southeast Lexington available for lease.

Space Size10,887 SF
Lot Size0.83 Acres
Days on Market109

Property Features for 3605 Walden Drive

General Information

Standard status Active
Size 10,887 SF
Lot size 0.83 Acres
Property subtype Retail
Lease Term $21.50 SF/yr (NNN)

Building Details

Building Size 10,887 SF

Spaces For Lease

at 3605 Walden Drive Contact us

3605 Walden Dr $21.50/SF/Yr

Size
10,887 SF
Term
Negotiable
Contact us
Listing Agency: White Oak Commercial Real Estate, LLC
Listed By: Gordy Hoagland, CCIM · License #269283
Source: Whiteoakcre
Added: May 17 Changed: Aug 25 Last Checked: Sep 1 at 3:36PM

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 White Oak Commercial Real Estate, LLC

Investment Insights

Based on property information with market context.

Located at the intersection of Walden Drive and Tates Creek Road in southeast Lexington, the property at 3605 Walden Drive is a single-story retail building available for lease. The B1 zoned property is situated on a 0.83-acre lot and features a 10,887 square feet building constructed in 1996. Formerly occupied by CVS Pharmacy, the building is configured as a single-tenant retail drug store. The location benefits from its position on Tates Creek Road, which carries approximately 45,000 vehicles per day near the Redding Road intersection. Redding Road generates over 8,384 vehicles per day. The property draws from a dense, established residential base with over 9,414 households and a population of approximately 19,902 within one mile. The building features masonry construction and includes 190 feet of frontage along Walden Drive with two curb cuts, providing access for customers, including 22 parking spaces.

Key Highlights

  • High traffic location: Positioned at the intersection of Walden Drive and Tates Creek Road.
  • Dense residential base: Located within one mile of over 9,414 households.
  • Excellent accessibility: Features 190 feet of frontage along Walden Drive with two curb cuts.

Property Analytics

Current Use

CVS Photo (Bike/Boat/Book/etc) Store CVS Pharmacy Pharmacy CVS Pharmacy Frances Reed Pharmacy MoneyGram Bank

Suggested Use

Top Pick Law Firm Hair Salon Nail Salon Spa & Massage Center Building Supply Daycare Center

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
$3.23 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

364
Businesses Nearby
93k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 67% Shops & Services 31% Beauty & Spa 2% Hotels & Casinos 1%
Thorntons Shops & Services
24,692 visits/mo 0.3 miles
Cheddar's Scratch Kitchen Dining
17,299 visits/mo 0.2 miles
Starbucks Dining
14,352 visits/mo 0.5 miles
Zaxby's Chicken Fingers & Buffalo Wings Dining
9,695 visits/mo 0.3 miles
Waffle House Dining
9,037 visits/mo 0.2 miles

Demographics for 40517, KY

37,751
Population
18,306
Households
2.1
Avg Household Size
33
Median Age
41%
College-Educated
92%
High-School Grad
6.2 sq mi
ZIP Area
6,089
Density / Sq Mi
$51,778
Median Household Income
$35,010
Median Earnings
$1,092
Median Rent
$196,300
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Similar Off Market Nearby

  • Walgreens Pharmacy 4101 Tates Creek Centre Dr Ste 156, Lexington, KY 40517
  • Kroger Pharmacy 4101 Tates Creek Centre Dr, Lexington, KY 40517
  • Next Level Sports Nutrition 4101 Tates Creek Centre Dr #128, Lexington, KY 40517
  • Mansour Ahmad, PharmD 4101 Tates Creek Rd, Lexington, KY 40517
  • CVS Pharmacy 3605 Walden Dr, Lexington, KY 40517

Frequently Asked Questions

What type of property is this?
Drug store - Single-story retail building in southeast Lexington available for lease.
Where is this drug store located?
The property is located at 3605 Walden Drive Lexington, KY.
What is the lease rate?
The lease rate is $21.50 SF/Yr.
What are key features of this property?
This property features: High traffic location: Positioned at the intersection of Walden Drive and Tates Creek Road.; Dense residential base: Located within one mile of over 9,414 households.; Excellent accessibility: Features 190 feet of frontage along Walden Drive with two curb cuts.
More about this property
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