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365 367 Southland Dr 365-373 Southland Dr 1,212 - 3,053 SF of Retail Space Available in Lexington, KY 40503
HIGHLIGHTS
- 1,212 - 3053 SF Available
- Downtown Lexington (2.8 miles), the University of Kentucky (1.8 miles), and Central Baptist (0.7 miles)
- 10,214+ VPD on Southland Drive
- Lease Rate - $18/sf/yr (NNN)
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 365 | 1,841 SF | 1 Year | $25.02 CAD/SF/YR $2.08 CAD/SF/MO $46,061 CAD/YR $3,838 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 367 | 1,212 SF | 1 Year | $25.02 CAD/SF/YR $2.08 CAD/SF/MO $30,324 CAD/YR $2,527 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 365
- Lease rate does not include utilities, property expenses or building services
- Can be combined with additional space(s) for up to 3,053 SF of adjacent space
1st Floor, Ste 367
- Lease rate does not include utilities, property expenses or building services
- Can be combined with additional space(s) for up to 3,053 SF of adjacent space
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.
SELECT TENANTS AT 365 367 SOUTHLAND DR
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Last Genuine Leather Co
- Leather/Luggage/Purses
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Last Genuine Leather Co | Leather/Luggage/Purses | 1 | - |
PROPERTY FACTS
| Total Space Available | 3,053 SF | Total Land Area | 0.44 AC |
| Property Type | Retail | Year Built | 1957 |
| Property Subtype | Freestanding | Parking Ratio | 1.9/1,000 SF |
| Gross Leasable Area | 5,276 SF | Cross Streets | Cherrybark Dr |
| Total Space Available | 3,053 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 5,276 SF |
| Total Land Area | 0.44 AC |
| Year Built | 1957 |
| Parking Ratio | 1.9/1,000 SF |
| Cross Streets | Cherrybark Dr |
ABOUT THE PROPERTY
SVN Stone Commercial Real Estate is pleased to present 1,212 - 3053 SF of retail space available for lease at 365 / 367 Southland Drive. Location boasts of strong traffic counts on Southland Drive (10,214+ VPD), which is just off Nicholasville Rd (36,000+ VPD). Nearby attractions include popular 40503 neighborhoods with increased residential activity, downtown Lexington (2.8 miles), the University of Kentucky (1.8 miles), and Central Baptist (0.7 miles). The City of Lexington has paved the way for Southland Drive to become a growing source of economic activity with increased pedestrian walk/bike traffic. The area is now accessible to more people than ever before. Over 120+ new trees, 6’ sidewalks, and both a new gardenscape and mural near the railroad overpass welcome customers to existing and future businesses. Join a mix of national (Dollar General, Firestone, and more) and local tenants (Winchell’s, Marikka’s Restaurant and Beir Stube, Good Foods Co-op, and more) in the heart of one of Lexington’s most popular retail corridors. For further inquiry or to schedule a personal tour please reach out to Caleb Cleveland at 859.556.4857 // caleb.cleveland@svn.com or Weston Lockhart at 859.317.3538 // weston.lockhart@svn.com
NEARBY MAJOR RETAILERS
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365 367 Southland Dr | 365-373 Southland Dr
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