Retail•Strip Center•For Lease

Former Walmart Anchored Retail Center

3120 - 3180 Richmond Rd, Lexington, Kentucky 40509

Lease Rate $0.00-$18.00 /SqFt NNN
Zoning B-3
Year Built 1992
Gross Bldg 217,292 SqFt
Total Avail 147,692 SqFt
Avail 14,850 to 0 SqFt
Land Area 24.71 Acres
SVN Stone Commercial Real Estate is pleased to present this opportunity to purchase Mist Lake Plaza, a former Walmart anchored retail center in Lexington, KY. This property is located at the heavily trafficked intersection of Richmond Rd (38,391 VPD) and Man O’ War Blvd (46,803 VPD). This prime location, adjacent to a high-volume Kroger anchored shopping center (211,070+ SF), features 15 commercial spaces totaling 217,292 SF on 24.71 acres. At the intersection of two of Lexington's busiest thoroughfares, the property is minutes from I-75 and I-64. The property has an additional pending 10 Year NNN ground lease on former Walmart outlot. Mist Lake Plaza represents a rare opportunity for redevelopment in a major Lexington retail corridor. Currently, the property has +/- 147,692 SF of vacancy upside, including the former Walmart space (approx. 125,442 SF), and is offered below replacement cost value. The property includes 0.47 acres at 440 Patchen Drive zoned R-3 for future development. SVN Stone Commercial Real Estate is pleased to offer this opportunity to join Mist Lake Plaza. Mist Lake Plaza is a 217,292 sf retail center on the bustling corner of Richmond Road and Man O’ War Boulevard. Join Gabe’s, Hibbett Sports, H&R Block, State Beauty Supply, Game Stop, Pro Nail, Check Advance, Nay’s Hair Braiding, and Rent-A-Center. The spaces available for lease range from 1,600 to 125,442 sf, prices vary per space. This property is also for sale through SVN Stone Commercial Real Estate. Please contact Matt Stone at 859.351.5444 | matt.stone@svn.com // Nathan Dilly at 859.420.5492 | nathan.dilly@svn.com // Justin Ryder at 859.447.3285 | justin.ryder@svn.com for more details! Richmond Road Retail Corridor.
  • Opportunity to purchase a former Walmart anchor retail center prime for redevelopment
  • High traffic location on major thoroughfare in prime retail corridor: Richmond Rd (38,391 VPD) and Man O’ War Blvd (46,803 VPD)
  • Pending ground lease on 1.3 acres of former Walmart outlot
  • Property offered below replacement cost / value
  • Vacancies also for lease through SVN Stone Commercial Real Estate
  • Former Walmart Space Available
  • High traffic location on major thoroughfare in prime retail corridor: Richmond Rd [38,391 VPD] and Man O' War Blvd [46,803 VPD]
  • 1,600 - 125,442 SF
  • Signalized Intersection

6 Spaces

125,442 SqFt
125,442 SF space available with excellent visibility from Richmond Rd. Former Walmart.
1,800 SqFt
$18.00 NNN
1,800 SF space available with excellent visibility from the entrance of South Locust Hill Dr.
2,400 SqFt
$18.00 NNN
2,400 SF space available with excellent visibility from the entrance of South Locust Hill Dr. 3124 Richmond Rd was formerly a tanning bed retailer.
1,600 SqFt
$18.00 NNN
1,600 SF space available directly next to Gabe's. Space has excellent signage opportunities and great visibility.
1,600 SqFt
$18.00 NNN
1,600 SF space available January 1st, currently a SuperCuts.
14,850 SqFt
$16.00 NNN
1,600 SF space available, open floor plan, former fitness club. Space has excellent signage opportunities and great visibility.
11/11/2019 2:42:57 PM 7/8/2020 7:16:51 PM
Matt Stone, CCIM, MBA
Managing Director
SVN | Stone Commercial Real Estate
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