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Regency Centre 2307-2375 Nicholasville Rd
944 SF of Retail Space Available in Lexington, KY 40503
Highlights
- Positioned on a heavily trafficked retail corridor with excellent visibility
- Well-established tenant mix that brings in regular traffic including T.J. Maxx and Michaels
- Close proximity to the largest mall in the state, Fayette Mall, as well as University of Kentucky and Transylvania University
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor, Ste 160 | 944 SF | 2-10 Years | £17.78 /SF/PA £1.48 /SF/MO £191.33 /m²/PA £15.94 /m²/MO £16,780 /PA £1,398 /MO | Triple Net |
171 W Lowry Ln - 1st Floor - Ste 160
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing agent for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SITE PLAN
SELECT TENANTS AT Regency Centre
- Five Below
- Kroger
- Michaels
- T.J. Maxx
PROPERTY FACTS FOR 2307-2375 Nicholasville Rd , Lexington, KY 40503
| Centre Type | Community Center | Gross Leasable Area | 193,487 SF |
| Parking | 737 Spaces | Total Land Area | 25.82 AC |
| Stores | 32 | Year Built | 1985 |
| Centre Properties | 8 | Cross Streets | Lowry Ln |
| Frontage |
| Centre Type | Community Center |
| Parking | 737 Spaces |
| Stores | 32 |
| Centre Properties | 8 |
| Frontage | |
| Gross Leasable Area | 193,487 SF |
| Total Land Area | 25.82 AC |
| Year Built | 1985 |
| Cross Streets | Lowry Ln |
About the Property
Anchored by top national and regional retailers such as Kroger, T.J. Maxx and Five Below, Regency Centre offers quality restaurant, office, and retail space in the Lexington, Kentucky area. The center’s close proximity to Fayette Mall and the University of Kentucky makes it a prominent retail destination for the area. It's positioned in the heart of a retail corridor with excellent visibility and boasts a diverse tenant mix that drives traffic to the center.
- Restaurant
- Signage
DEMOGRAPHICS
Demographics
Nearby Major Retailers
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Power Broker Brian Thieneman -
R.J. Thieneman
Presented by
Regency Centre | 2307-2375 Nicholasville Rd
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