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Property profile & analytics
FOR LEASE
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
$1.77M
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
Zoning description

ional parking regulations.) (d) Screening. Landscaping and screening shall be provided as required in Article 18 . (e) Lot, Yard, and Height Requirements. Lot and yard requirements shall be as for the Corridor Business (B-3) zone, except for the lot coverage requirement. There shall be no height restriction except when a side or rear yard adjoins a residenti…

Zone name Corridor Business
General category COMMERCIAL
Zone area 1,508.59 ac
Top alternative use upside
Auto repair, garage $1.9M +12.0%
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