End-Cap Retail
863 N Main St, Nicholasville, KY 40356
For Sale
$1,865,000
Right-end cap suite in a three-tenant strip along US-27, positioned within a dense national retail node.
Property Size12,020 SF
Lot Size1.35 Acres
Price / SF$145.70
Days on Market143
Property Features for 863 N Main St
General Information
Standard status
Size
Lot size
Property subtype
Building Details
Building Size
Year Built
Tenancy
Properties For Sale
at 863 N Main St
863 N. Main St
Size
8,000 SF
Lease Type
NNN
Listing Agency:
SVN | Stone Commercial Real Estate Advisors
Listed By:
Justin Ryder · License KY #245461
(859) 264-0888
Source:
Thebrokerlist
Added: Jun 23
Changed: Nov 11
Last Checked: Nov 12 at 4:18AM
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 Advisors
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Investment Insights
Based on property information with market context.
Suite 863 is an 8,000 SF right-end cap retail unit located within a three-tenant multi-tenant retail strip at 851-863 N. Main Street. The space is described as a flexible junior-box footprint with prominent end-cap visibility and abundant on-site parking, supporting a range of storefront and service-oriented uses.
The property sits on US-27, identified as Nicholasville’s primary north-south arterial and dominant retail corridor. The retail center is positioned within the Walmart Supercenter retail node in Jessamine County and is surrounded by major national and regional tenants, including Tractor Supply, Bargain Hunt, Planet Fitness, Workout Anytime, Walgreens, Advance Auto Parts, KOI Auto Parts, and Goodwill, along with a deep QSR and service cluster.
For tenants seeking a location within this established retail draw, Suite 863 offers a co-tenancy-friendly address in a concentrated commercial environment anchored by Walmart. The suite is available for occupancy in Fall 2026. Lease terms are offered on an NNN basis at $14.00/SF per year, providing a straightforward retail configuration for operators looking to serve the Nicholasville US-27 corridor.
The property sits on US-27, identified as Nicholasville’s primary north-south arterial and dominant retail corridor. The retail center is positioned within the Walmart Supercenter retail node in Jessamine County and is surrounded by major national and regional tenants, including Tractor Supply, Bargain Hunt, Planet Fitness, Workout Anytime, Walgreens, Advance Auto Parts, KOI Auto Parts, and Goodwill, along with a deep QSR and service cluster.
For tenants seeking a location within this established retail draw, Suite 863 offers a co-tenancy-friendly address in a concentrated commercial environment anchored by Walmart. The suite is available for occupancy in Fall 2026. Lease terms are offered on an NNN basis at $14.00/SF per year, providing a straightforward retail configuration for operators looking to serve the Nicholasville US-27 corridor.
Key Highlights
- 12,800 SF multi‑tenant retail center (851‑863 N. Main St.) built in 2008 on a 1.35‑acre site
- Three tenant suites; right‑end cap retail suite at 863 N. Main St. is 8,000 SF within a three‑tenant strip
- Located along US‑27 in Nicholasville within the Walmart Supercenter retail node with major co‑tenants nearby
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,799
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,435,980
$2.4M
Cap Rate 7%
$1,739,986
$1.7M
Cap Rate 9%
$1,353,322
$1.4M
Market Conditions
NOI Build-Up for 12,800 SF
Gross rent
$184.3K $14.40/SF
− Vacancy
−$10.3K −$0.81/SF
EGI
$174.0K $13.59/SF
− OpEx
−$52.2K −$4.08/SF
NOI
$121.8K $9.52/SF
Area
Jessamine County, 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%
$2,435,980
Cap Rate 7%
$1,739,986
Cap Rate 9%
$1,353,322
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 authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
476
Businesses Nearby
Explore this area
Business Placement
Demographics for 40356, KY
44,381
Population
17,934
Households
2.5
Avg Household Size
39
Median Age
31%
College-Educated
90%
High-School Grad
139.5 sq mi
ZIP Area
318
Density / Sq Mi
$75,264
Median Household Income
$41,427
Median Earnings
$1,020
Median Rent
$246,300
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?
Strip mall - Right-end cap suite in a three-tenant strip along US-27, positioned within a dense national retail node.
Where is this strip mall located?
The property is located at 863 N Main St 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 (851‑863 N. Main St.) built in 2008 on a 1.35‑acre site; Three tenant suites; right‑end cap retail suite at 863 N. Main St. is 8,000 SF within a three‑tenant strip; Located along US‑27 in Nicholasville within the Walmart Supercenter retail node with major co‑tenants nearby
