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North Park Marketplace 500 W New Circle Rd 1,400 SF of Retail Space Available in Lexington, KY 40511
HIGHLIGHTS
- ±1,400 SF retail suite available within North Park Marketplace
- Shadow-anchored by Walmart
- Ample parking and convenient ingress/egress for customers and employees
- Prime location along W New Circle Road, one of Lexington’s highest-traffic retail corridors
- Excellent visibility, signage, and access with strong daily traffic counts
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 160 | 1,400 SF | Negotiable | $34.47 CAD/SF/YR $2.87 CAD/SF/MO $48,263 CAD/YR $4,022 CAD/MO | Triple Net (NNN) |
524 W New Circle Rd - 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 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 NORTH PARK MARKETPLACE
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- At Your Service Insurance
- Insurance
- 1
- Local
- At&t Wireless
- Wireless Communications
- 10,741
- International
- Check Into Cash
- Check Cash/Quick Loans
- 906
- National
- Cozy Nail
- Salon/Barber/Spa
- 1
- Local
- Las Pericas Auto Insurance
- Insurance
- 1
- Local
- T-Mobile
- Wireless Communications
- 8,821
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| At Your Service Insurance | Insurance | 1 | Local |
| At&t Wireless | Wireless Communications | 10,741 | International |
| Check Into Cash | Check Cash/Quick Loans | 906 | National |
| Cozy Nail | Salon/Barber/Spa | 1 | Local |
| Las Pericas Auto Insurance | Insurance | 1 | Local |
| T-Mobile | Wireless Communications | 8,821 | International |
PROPERTY FACTS
| Total Space Available | 1,400 SF | Frontage | |
| Center Type | Community Center | Gross Leasable Area | 273,999 SF |
| Parking | 1719 Spaces | Total Land Area | 37.87 AC |
| Stores | 16 | Year Built | 1999 |
| Center Properties | 11 |
| Total Space Available | 1,400 SF |
| Center Type | Community Center |
| Parking | 1719 Spaces |
| Stores | 16 |
| Center Properties | 11 |
| Frontage | |
| Gross Leasable Area | 273,999 SF |
| Total Land Area | 37.87 AC |
| Year Built | 1999 |
ABOUT THE PROPERTY
SVN Stone Commercial Real Estate is pleased to present a ±1,400 SF retail suite located at 524 W New Circle Rd. Positioned within North Park Marketplace, one of Lexington’s busiest retail corridors, the site enjoys high foot traffic and visibility. 524 W New Circle Road is part of a vibrant retail center that is shadow-anchored by Walmart and surrounded by a strong mix of synergistic national and regional tenants such as Ross, Sally Beauty, Hibbett Sports, and Domino’s Pizza. Ideal for a range of businesses, this location will provide exceptional visibility, signage, and access in a thriving Lexington marketplace.
- Dedicated Turn Lane
- Signalized Intersection
NEARBY MAJOR RETAILERS
Presented by
North Park Marketplace | 500 W New Circle Rd
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