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Retail Space Near Fayette Mall
For Lease
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3851 Mall Rd, Lexington, KY 40503

Retail space for lease in south Lexington near Fayette Mall.

Space Size2,000 SF
Property Size20,000 SF
Days on Market505

Property Features for 3851 Mall Rd

General Information

Standard status Active
Size 2,000 SF
Class B
Property subtype Retail
Lease Type NNN

Building Details

Building Size 20,000 SF
Tenancy Multiple

Spaces For Lease

at 3851 Mall Rd Contact us

Suite 180

Size
2,000 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: NAI Isaac
Listed By: Chad Voelkert · License #KY 61869
Source: Crexi
Added: Apr 8, 2025 Changed: Aug 16 Last Checked: Aug 24 at 10:45AM

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

Investment Insights

Based on property information with market context.

Retail space is available for lease in south Lexington. The property is located adjacent to Fayette Mall, a regional mall with approximately 1.2 million square feet, and the Plaza at Fayette Mall, which has approximately 190,000 square feet. It is situated across from Lexington Athletic Club and Kids Place, and near a high-volume Walmart and Lowe's. Nearby retailers and restaurants include Macy’s, JCPenney, Dillard's, Dick’s Sporting Goods, Old Navy, Lowe's, Cinemark 16-screen Theatre, PF Chang’s, and Moe’s.

Key Highlights

  • Adjacent to Fayette Mall, a large regional mall
  • High‑traffic location near Walmart and Lowe's
  • Located across from Lexington Athletic Club and Kids Place

Property Analytics

Current Use

Kevin's Tile and Stone Hardware & Home Improvement Subway Take-out & Catering Kevin's Carpets Carpet & Flooring Store Awesome Nails Hair Salon Urban Graffiti Clothing & Fashion Store

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Storage Facility HVAC Service

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
$3.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

952
Businesses Nearby
897k
Monthly Visits Nearby

Foot Traffic Nearby

Apparel 27% Dining 20% Superstores 18% Shops & Services 13%
Walmart Superstores
159,361 visits/mo 0.3 miles
DICK'S Sporting Goods Apparel
118,205 visits/mo 0.3 miles
Dillard's Apparel
57,252 visits/mo 0.3 miles
Cinemark Fayette Mall Leisure
55,513 visits/mo 0.1 miles
Whole Foods Market Groceries
46,316 visits/mo 0.5 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

Market

Lease Benchmarks for Lexington, KY

$42.33 /SF/Yr
Avg Asking Price
$9–$556 /SF/Yr
Price Range
13,944 SF
Avg Space Size

This space is priced 41% below the average of $42.33 /SF/Yr.

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space for lease in south Lexington near Fayette Mall.
Where is this retail space located?
The property is located at 3851 Mall Rd Lexington, KY.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: Adjacent to Fayette Mall, a large regional mall; High‑traffic location near Walmart and Lowe's; Located across from Lexington Athletic Club and Kids Place
(859) 422-4408 Call to check price and availability
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