2210 Georgetown Rd Lexington, KY 40511-9072

Property Details for 2210 Georgetown Rd

Lot size

22.70 lot acres

Zone code

B-3

Property type

Commercial land

APN

38033340

APU

38033340

Description

This exceptional investment opportunity presents a 1,900 square foot, absolute NNN ground lease with Fifth Third Bank, a nationally recognized financial institution (NASDAQ: FITB), located at 2210 Georgetown Rd, Lexington, KY 40511. The 15-year lease, commencing December 15, 2024, and expiring December 15, 2039, includes 10% rent increases every five years. The property boasts a strong 4.85% cap rate and a net operating income (NOI) of $110,000. Situated on a 0.9-acre lot, this newly constructed (2025) bank features a drive-thru for enhanced customer convenience. The property is an outparcel to a thriving 25-acre Publix-anchored retail development, sharing space with notable tenants such as Chipotle, Panda Express, and Wendy's, among others. This prime location benefits from high traffic counts, with direct access to 45,043 vehicles daily from two signalized intersections and proximity to I-64's off-ramp (107,297 vehicles daily). The surrounding area showcases a strong demographic profile, with an average household income exceeding $99,521 within a one-mile radius, projected to increase significantly by 2029. The property's proximity to the University of Kentucky and downtown Lexington further enhances its appeal. This is a low-management, passive investment opportunity backed by a corporate guarantee, ideal for 1031 exchange purposes. The property is available for $2,269,000.