Freestanding Retail Building with
For Sale
$525,000
3670 Boston Rd, Lexington, KY 40514
Freestanding retail building with an existing drive-thru in a Kroger neighborhood shopping center, built in 1991.
Property Size2,106 SF
Lot Size0.40 Acres
Price / SF$249.29
Days on Market101
Property Features for 3670 Boston Rd
General Information
Standard status
Active
Size
2,106 SF
Lot size
0.40 Acres
Property subtype
Retail
Site & Location
Drive-Thru
Yes
Anchor Co-Tenants
Kroger, Starbucks, Walgreen's, Jimmy John's
Building Details
Building Size
2,106 SF
Year Built
1991
Buildings
1
Listing Agency:
SVN | Stone Commercial Real Estate
Listed By:
Nathan Dilly · License #76902
(859) 420-5492
Source:
Svn
Added: Jul 29
Changed: Oct 25
Last Checked: Nov 4 at 10:48AM
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 SVN | Stone Commercial Real Estate
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Investment Insights
Based on property information with market context.
This freestanding retail building includes an existing drive-thru and was built in 1991. The building is approximately 2,106 SF and sits on about 0.4 acres. The property is part of an established Kroger neighborhood shopping center, designed to serve nearby daily retail needs.
The site is positioned in a Kroger outparcel setting with surrounding businesses including Starbuck’s, Walgreen’s, and Jimmy John’s. It offers high-visibility site exposure within the grocery center environment.
Additional exterior improvements include a new roof. This combination of drive-thru access, freestanding configuration, and a neighborhood retail tenant mix supports a variety of retail uses requiring convenient customer access.
The site is positioned in a Kroger outparcel setting with surrounding businesses including Starbuck’s, Walgreen’s, and Jimmy John’s. It offers high-visibility site exposure within the grocery center environment.
Additional exterior improvements include a new roof. This combination of drive-thru access, freestanding configuration, and a neighborhood retail tenant mix supports a variety of retail uses requiring convenient customer access.
Key Highlights
- Approximately 2,106 SF freestanding retail building
- About 0.4 acres
- Existing drive‑thru
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,040
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,800
$400.8K
Cap Rate 7%
$286,286
$286.3K
Cap Rate 9%
$222,667
$222.7K
Market Conditions
NOI Build-Up for 2,106 SF
Gross rent
$30.3K $14.40/SF
− Vacancy
−$1.7K −$0.81/SF
EGI
$28.6K $13.59/SF
− OpEx
−$8.6K −$4.08/SF
NOI
$20.0K $9.52/SF
Area
Lexington, KY
Vacancy
5.60%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,800
Cap Rate 7%
$286,286
Cap Rate 9%
$222,667
Alternative Uses
Best Use
Retail
$286.3K
$250.5K – $334.0K
NOI $20,040 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$438.8K
$383.9K – $511.9K
NOI $30,715 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
251
Businesses Nearby
85k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 40%
Dining 31%
Shops & Services 22%
Apparel 8%
Kroger
Groceries
33,843 visits/mo
0.1 miles
Speedway
Shops & Services
13,407 visits/mo
0.1 miles
Starbucks
Dining
12,715 visits/mo
0.2 miles
Goodwill
Apparel
6,483 visits/mo
0.1 miles
Little Caesars Pizza
Dining
5,349 visits/mo
0.2 miles
Demographics for 40514, KY
16,427
Population
6,566
Households
2.5
Avg Household Size
38
Median Age
54%
College-Educated
97%
High-School Grad
3.0 sq mi
ZIP Area
5,476
Density / Sq Mi
$96,337
Median Household Income
$51,275
Median Earnings
$1,549
Median Rent
$289,900
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?
Retail space - Freestanding retail building with an existing drive-thru in a Kroger neighborhood shopping center, built in 1991.
Where is this retail space located?
The property is located at 3670 Boston Rd Lexington, KY.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Approximately 2,106 SF freestanding retail building; About 0.4 acres; Existing drive‑thru
