Multi-Tenant Retail Center with Three
851 North Main Street Nicholasville, KY 40356
851 North Main Street, Nicholasville, KY, 40356
Contact for pricing
For Sale
Contact for pricing
Three-suite retail center offers flexible space for owner-users or investors on a compact site.
Property Size12,800 SF
Lot Size1.35 Acres
Price / SF$145.70
Days on Market50
Property Features for 851 North Main Street
General Information
- Standard status
- Active
- Size
- 12,800 SF
- Lot size
- 1.35 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2008
Listing agency
SVN | Stone Commercial Real Estate
(859) 264-0888
Listed by
Justin Ryder · License #KY 245 461
Source
Crexi
Added: Jun 4 Updated: Jul 10 at 3:59PM Checked: Jul 22 at 5:55PM
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
Investment Insights
Based on property information with market context.
This for-sale multi-tenant retail center totals 12,800 SF and includes three tenant suites. The property sits on a 1.35-acre site and is configured to support multiple storefront users within a single ownership structure.
Located at 851-863 N. Main Street in Nicholasville, KY, the center is positioned in a Walmart retail node along US-27. The site is surrounded by established retailers and service businesses, including Walmart Supercenter, Tractor Supply, Bargain Hunt, Planet Fitness, Workout Anytime, Walgreens, Advance Auto Parts, KOI Auto Parts, and Goodwill, along with additional QSR and service operators.
With three separate suites, the asset can work for an owner-occupant seeking a flexible junior-box footprint, or for an investor looking for multi-tenant retail in one property. Access to the rent roll and financials is available subject to a Confidentiality Agreement. For additional details and showings, contact Justin Ryder, CCIM with SVN Stone Commercial Real Estate.
Located at 851-863 N. Main Street in Nicholasville, KY, the center is positioned in a Walmart retail node along US-27. The site is surrounded by established retailers and service businesses, including Walmart Supercenter, Tractor Supply, Bargain Hunt, Planet Fitness, Workout Anytime, Walgreens, Advance Auto Parts, KOI Auto Parts, and Goodwill, along with additional QSR and service operators.
With three separate suites, the asset can work for an owner-occupant seeking a flexible junior-box footprint, or for an investor looking for multi-tenant retail in one property. Access to the rent roll and financials is available subject to a Confidentiality Agreement. For additional details and showings, contact Justin Ryder, CCIM with SVN Stone Commercial Real Estate.
Key Highlights
- 12,800 SF multi‑tenant retail center built in 2008 at 851‑863 N. Main Street in Nicholasville, KY.
- Multi‑tenant setup with three tenant suites on a 1.35‑acre site.
- Anchored in the Walmart‑driven retail node along US‑27, surrounded by major retailers and service businesses.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $184.3k | $14.40 |
| − Vacancy | −$10.3k | −$0.81 |
| EGI | $174.0k | $13.59 |
| − OpEx | −$52.2k | −$4.08 |
| NOI | $121.8k | $9.52 |
12,800 SF · lease $14.40/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.74M
$1.52M – $2.03M
NOI $121,799 @ 7.0% cap · market cap 6.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.24M
$2.84M – $3.78M
NOI $227,082 @ 7.0% cap · market cap 12.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Shopping centers
Similar For Sale Nearby
FAQs
What type of property is this?
Shopping center - Three-suite retail center offers flexible space for owner-users or investors on a compact site.
Where is this shopping center located?
The property is located at 851 North Main Street Nicholasville, KY.
What is the asking price?
The asking price for this property is $1,865,000.
What are key features of this property?
This property features: 12,800 SF multi‑tenant retail center built in 2008 at 851‑863 N. Main Street in Nicholasville, KY.; Multi‑tenant setup with three tenant suites on a 1.35‑acre site.; Anchored in the Walmart‑driven retail node along US‑27, surrounded by major retailers and service businesses.
