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Property summary
Two exceptional outparcel opportunities are available for ground lease at Merchant Place, a thriving retail center in Richmond, KY. Located directly off the Robert Martin Bypass at Four Mile Rd, this property benefits from high visibility and convenient access. The site is anchored by a Kohl's Department Store and surrounded by a rapidly growing residential area, including over 600 recently constructed homes. Outparcel #2 offers 1.772 acres at an annual ground lease rate of $80,000 per acre,… while Outparcel #5 comprises 1.755 acres with an annual ground lease rate of $85,000 per acre. Both parcels are zoned B-3 and offer flexibility in lot size and build-to-suit options. This prime location, situated approximately 20 minutes south of Lexington, presents a unique investment opportunity in a high-growth corridor. The property's address is 2047 Merchant Dr, Richmond, KY 40475. The total acreage of the larger development is approximately 52.6 acres, with approximately 500,000 square feet of existing retail space. This presents a chance to establish a presence in a successful, established retail center with strong demographics and high traffic counts. Serious inquiries are encouraged to explore the possibilities of these exceptional retail outparcels.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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