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    Property profile & analytics
    OFF-MARKET Estimated value $2,605,000
    Drive through restaurants

    134 Malabu Dr, Lexington, KY 40503-3159

    5,120 SF 0.63 ac lot Built 2017
    Entity Owned 8-yr Hold Free & Clear
    Property ID
    US34-0484657
    Property summary
    AI-generated overview

    This exceptional 5,200 square foot freestanding restaurant presents a unique sublease opportunity in Lexington, Kentucky. Located at 134 Malabu Drive, this property boasts a convenient drive-thru, a significant advantage in today's fast-paced market. Situated in the highly desirable Venue, on Nicholasville Road, this location benefits from exceptional visibility and high traffic volume, exceeding 45,326 vehicles per day. The B-3, Highway Service Business zoning ensures flexibility for a variety of restaurant concepts. The building's single-tenant occupancy provides a streamlined operational environment. This prime location offers strong daytime and evening traffic patterns, supported by a dense residential population and a robust retail environment. The property enjoys close proximity to major retail centers including the Fayette Mall (over 1.2 million square feet), Plaza at Fayette Mall, and Summit at Fritz Farm. Furthermore, its convenient location near the University of Kentucky, Blue Grass Airport, downtown Lexington, and Baptist Health ensures a large and diverse customer base. This is an unparalleled opportunity to establish or expand a thriving restaurant business in a high-demand area of Fayette County, Kentucky, zip code 40503. The property is easily accessible from Nicholasville Road, offering excellent visibility and convenient access for customers.

    Property profile
    Verified
    Property type Drive through restaurants
    Use group DRIVE-THRU RESTAURANT, FAST FOOD
    Year built 2017
    Total area 5,120 SF
    Lot 0.63 ac (27,573 SF)
    Zoning code B-3
    APN 38273870
    UPID US34-0484657
    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
    • Jason's Deli Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.60M
    Blend (final) Blend
    $2.61M
    Owner & transaction history
    Jak LLC · 8 yrs held
    Jak LLC
    since 2018
    2 recorded transactions
    2018
    $1.8M
    2015
    $4.8M
    Zoning & alternative use
    B-3 · Lexington, KY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $1.9M +12.0%
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