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Property profile & analytics
FOR SALE
Strip malls

118 Market Place Cir Georgetown, KY 40324

25,736 SF 5.14 ac lot
Entity Owned 20-yr Hold Free & Clear
Property ID
US34-1140520
Property summary
AI-generated overview

This exceptional 2,700 square foot retail space, situated within a thriving 125,000 square foot Kroger Marketplace development, presents a unique leasing opportunity in Georgetown, Kentucky. Located at 118 Marketplace Circle, this single-tenant space is part of a bustling shopping center boasting a diverse mix of established national and local businesses, including Rooster's, MOD Pizza, Starbucks, Subway, and many more. The property benefits from high visibility and accessibility, enjoying convenient access from the Georgetown bypass (17,000+ vehicles daily) and US 25 (18,000+ vehicles daily). This prime location is experiencing significant growth, fueled by recent residential, office, hospital, and medical developments. The property is zoned B-2 and is situated in Scott County, Kentucky, the fastest-growing county in the state. This is the only Kroger location in Georgetown and Scott County, ensuring a substantial customer base. The space will be available in May 2025. This presents a remarkable chance to establish a business in a high-traffic, rapidly expanding area. The one-story building offers excellent visibility and ample parking.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Total area 25,736 SF
Lot 5.14 ac (223,681 SF)
APN 168-30-004.000
UPID US34-1140520
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • OEC Japanese Express Restaurant
  • World Finance Loan Service
  • Amy Dail Physician
  • Emily Sinclair Physician
  • Arthur Hughes Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$565k
CAP Approach CAP
by Request
Comparable Approach Comparable
$945k
Blend (final) Blend
$755k
Owner & transaction history
Davis & Lusby LLC · 20 yrs held
Davis & Lusby LLC
since 2006
1 recorded transaction
2006
$184,800
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $1.2M +55.0%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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