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Pin Oak Plaza 2887 Richmond Rd 1,200 - 8,400 SF of Retail Space Available in Lexington, KY 40509
Highlights
- Centrally located on Richmond Road between New Circle Road and Man O’ War Boulevard.
- Surrounded by dense residential neighborhoods and major employment centers.
- Strong retail synergy with nearby national brands including Lowe’s, Kroger, and Starbucks.
- Excellent visibility with over 40,000 vehicles passing daily.
- Across from newly developed retail area anchored by restaurants such as First Watch and Skyline Chili.
- Proximity to the University of Kentucky and key regional destinations.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,200-8,400 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
- $25/SF Tenant Improvement Allowance
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 broker 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.
Property Facts
| Total Space Available | 8,400 SF | Gross Leasable Area | 8,400 SF |
| Min. Divisible | 1,200 SF | Construction Status | Proposed |
| Property Type | Retail |
| Total Space Available | 8,400 SF |
| Min. Divisible | 1,200 SF |
| Property Type | Retail |
| Gross Leasable Area | 8,400 SF |
| Construction Status | Proposed |
About the Property
Pin Oak Plaza delivers a unique leasing opportunity in Lexington’s thriving retail corridor along Richmond Road. This new construction development provides excellent visibility and convenient access through two signalized intersections and direct curb cuts. Surrounded by a dense residential base and an established commercial hub, the property benefits from strong daytime population driven by major employers like Valvoline World Headquarters, Aramark, and International Paper. Positioned across from a new retail center anchored by popular dining concepts and adjacent to Lowe’s, the plaza offers tenants the advantage of significant cross-shopping and drive-by exposure with traffic counts of over 40,000 vehicles per day. Its location just four miles from the University of Kentucky—home to more than 30,000 students and 16,000 employees—further enhances its appeal. Nearby national retailers and restaurants include Kroger, Home Depot, Burlington, Panera Bread, Chili’s, Krispy Kreme, Starbucks, and Walgreens, adding to the vibrancy of this retail destination. With flexible space options, Pin Oak Plaza is ideal for retailers, service providers, and restaurants looking to position themselves in one of Lexington’s busiest corridors.
Nearby Major Retailers
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Pin Oak Plaza | 2887 Richmond Rd
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