1004 Bypass N
Lawrenceburg, KY 40342

Lawrenceburg Walmart Shadow Anchored Strip Center The Dumes Falk Group of Marcus & Millichap is pleased to bring to market Lawrenceburg Shops, a Walmart shadow-anchored strip center located in Lawrenceburg, Kentucky. Lawrenceburg is located 25 miles west of Lexington, KY and is famous as the home to the Four Rose' s and Wild Turkey Distilleries which are two of the world' s largest bourbon producers and are solid economic drivers for the area. The subject property is 80 percent leased with one, 2,889 square-foot unit which equates to 20 percent of realizable vacancy upside. All tenants are under triple-net (NNN) leases, paying an average of $12.54 per foot for base rent. The last lease signed was in 2017 to Cricket Wireless at $13 NNN. The tenant mix consists of national and regional retailers like Sally Beauty, Little Caesar' s, and Gamestop. The remaining vacancy in the center will be highly attractive to a broad range of retailers from high profile national tenants to strong local tenants like Lexington Urgent Care and Casa Bonita restaurant. Lawrenceburg Shops was built in 2006, is comprised of 14,852 square-feet and sits on approximately two acres. The subject property has multiple points of ingress and egress and is situated along the main commuter corridor at the signalized intersection of Bypass-127 and West Woodford Street. This intersection sees more than 30,000 combined vehicles per day. The Lawrenceburg Shops has excellent visibility from all directions and is the most attractive retail space in the market. Lawrenceburg is the county seat of Anderson County and home to the majority of the county' s retail. The population has grown by nearly 20 percent since 2000 with over 18,000 residents within five miles whose average household incomes exceed $63,000.