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Tates Creek Centre 4101 Tates Creek Centre Dr 2,700 SF of Retail Space Available in Lexington, KY 40517
SUBLEASE HIGHLIGHTS
- Restaurant equipment included in the offering, inclusive of walk-in cooler, furniture, beverage bar, etc. (everything except POS can be included)
- Can discuss terminating and granting a new lease (subject to Landlord), or sublease structure
- Sublease offering through March 31, 2027
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 140 | 2,700 SF | Mar 2027 | $39.73 CAD/SF/YR $3.31 CAD/SF/MO $107,265 CAD/YR $8,939 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 140
- Sublease space available from current tenant
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café 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 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 TATES CREEK CENTRE
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Kentucky Eye Center
- Health Care and Social Assistance
- 1
- -
- Kroger
- Supermarket
- 1,866
- National
- Pet Supplies Plus
- Pet Shop/Supplies
- 961
- National
- Posh Salon
- Salon/Barber/Spa
- 2
- Local
- Proof Fitness
- Fitness
- 2
- Local
- Walgreens
- Drug Store
- 9,268
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Kentucky Eye Center | Health Care and Social Assistance | 1 | - |
| Kroger | Supermarket | 1,866 | National |
| Pet Supplies Plus | Pet Shop/Supplies | 961 | National |
| Posh Salon | Salon/Barber/Spa | 2 | Local |
| Proof Fitness | Fitness | 2 | Local |
| Walgreens | Drug Store | 9,268 | International |
PROPERTY FACTS
| Total Space Available | 2,700 SF | Total Land Area | 15.15 AC |
| Property Type | Retail | Year Built/Renovated | 1987/1994 |
| Gross Leasable Area | 197,068 SF | Parking Ratio | 1.08/1,000 SF |
| Total Space Available | 2,700 SF |
| Property Type | Retail |
| Gross Leasable Area | 197,068 SF |
| Total Land Area | 15.15 AC |
| Year Built/Renovated | 1987/1994 |
| Parking Ratio | 1.08/1,000 SF |
ABOUT THE PROPERTY
This is a great opportunity to Lease a second generation restaurant space in one of Lexington's prime retail centers and locations at Tates Creek Centre. A Kroger-anchored center, this development spans nearly 200,000 SF of retail use with terrific synergies and long-standing tenancies. Strategically located at Tates Creek Rd. (appx. 25K VPD) and Man O' War Blvd. (appx. 30K VPD), with flow from Nicholasville Rd. traffic as well. Strong Co-Tenancies such as Walgreens, UPS Store, KORT Physical Therapy, FedEx, The Little Clinic, Kyoto, and Kroger.
- Dedicated Turn Lane
- Freeway Visibility
- Signage
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
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Tates Creek Centre | 4101 Tates Creek Centre Dr
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