Retail•Strip Center•For Lease
Former Walmart Anchored Retail Center
3120 - 3180 Richmond Rd, Lexington, Kentucky 40509
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 | firstname.lastname@example.org // Nathan Dilly at 859.420.5492 | email@example.com // Justin Ryder at 859.447.3285 | firstname.lastname@example.org 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
11/11/2019 2:42:57 PM
7/8/2020 7:16:51 PM