High-Traffic Retail Investment
508 Lexington Road, Versailles, KY 40383
Single-tenant Giovanni’s Pizza with drive-through in thriving retail corridor.
Type:Retail
Property size:
1,812 SFPrice / SF:
$328/SF- Added:
- Jul 1, 2025
- Days on Market:
- 317
- Last Refresh:
- Mar 17 at 1:19 pm
Property Features for 508 Lexington Road
General Information
- Standard status
- Active
- Size
- 1,812 SF
- Property subtype
- Retail
Listing agent Isa Mashni License #KY 46403
Listing office Coleman Group Commercial Real Estate & Property Managemenet
Listing date Jul 1, 2025
Source Crexi
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 Coleman Group Commercial Real Estate & Property Managemenet
HighLights
- High‑traffic location on a major retail corridor, directly across from the largest Kroger in Kentucky, surrounded by national retailers.
- NN lease provides stable, passive income of $37,173 annually with a 6.25% cap rate.
- Leased to Giovanni's Pizza, a well‑established regional brand with over 100 locations.
- Tenant responsible for most expenses (interior, parking lot, utilities, property taxes, HVAC repairs and maintenance).
- Drive‑through access caters to customer convenience.
- New HVAC installed in 2024.
Overview
This is an opportunity to acquire a single-tenant retail property leased to Giovanni’s Pizza, a regional brand with over 100 locations. The property is offered at $595,000, generating a net operating income of $37,173 annually. The tenant operates under a NN lease with 3 years and 1 month remaining. The tenant is responsible for the interior of the building, parking lot, all lighting electrical, plumbing HVAC repairs, all utilities, property taxes, and HVAC preventative maintenance. The landlord is responsible for insurance, HVAC replacement (newly installed HVAC in 2024), exterior structure, and roof. There are no renewal options. The property is positioned along a major retail and traffic corridor, with high visibility, excellent frontage, and two access points. It also features drive-through access. Located directly across from the largest Kroger in Kentucky, the site is surrounded by national and regional retailers including Chipotle, Starbucks, Wendy’s, Dunkin’, and Valvoline. Additional parking is available via an adjacent lot. The property is 1812 square feet and is suitable for conventional restaurants, restaurants, NNN properties, specialty properties, retail space, retail properties & spaces, and drive-through restaurants.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Giovanni's Pizza
Restaurant
Location Insight
- Map
- Local Demand
- City
- Versailles
- County
- Jessamine
- State
- Kentucky
- Longitude
- -84.714035
- Latitude
- 38.050524
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - Single-tenant Giovanni’s Pizza with drive-through in thriving retail corridor.
Where is this conventional restaurant located?
The property is located at 508 Lexington Road Versailles, KY.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: High‑traffic location on a major retail corridor, directly across from the largest Kroger in Kentucky, surrounded by national retailers.; NN lease provides stable, passive income of $37,173 annually with a 6.25% cap rate.; Leased to Giovanni's Pizza, a well‑established regional brand with over 100 locations.
