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480 Lexington Rd
6,082 SF of Retail Space Available in Versailles, KY 40383
Sublease Highlights
- +/-6,082 SF available for sublease in +/-70,000 SF shopping center
- Desirable lease term with existing lease expiring 1/21/2025
- Strong mix of anchor and co-tenants including Save-A-Lot and Dollar Tree
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 6,082 SF | Negotiable | $10.50 /SF/YR $0.88 /SF/MO $63,861 /YR $5,322 /MO | Triple Net (NNN) |
1st Floor
- Sublease space available from current tenant
- Lease rate does not include utilities, property expenses or building services
- 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 480 Lexington Rd, Versailles, KY 40383
- Tenant
- Description
- US Locations
- Reach
- Clucker's
- -
- 1
- -
- Dollar Tree
- Dollar/Variety/Thrift
- 10,418
- International
- Save-A-Lot
- Discount Grocer
- 1,355
- National
| Tenant | Description | US Locations | Reach |
| Clucker's | - | 1 | - |
| Dollar Tree | Dollar/Variety/Thrift | 10,418 | International |
| Save-A-Lot | Discount Grocer | 1,355 | National |
PROPERTY FACTS FOR 480 Lexington Rd , Versailles, KY 40383
| Property Type | Retail | Total Land Area | 12.00 AC |
| Property Subtype | Retail | Year Built | 1969 |
| Gross Leasable Area | 70,124 SF | Parking Ratio | 6.23/1,000 SF |
| Property Type | Retail |
| Property Subtype | Retail |
| Gross Leasable Area | 70,124 SF |
| Total Land Area | 12.00 AC |
| Year Built | 1969 |
| Parking Ratio | 6.23/1,000 SF |
About the Property
NAI Isaac is pleased to present a sublease opportunity in Woodford Plaza, a +/-70,000 SF shopping center anchored by Save-A-Lot in Versailles, Kentucky. A +/-133,000 SF Kroger Marketplace Center is now open near the property. Join Save-A-Lot, Dollar Tree, Family Dollar, Workout Anytime, Community Trust Bank, Jackson Hewitt and Office Centre Plus. Ample parking. Strong residential support. Heavy morning and evening traffic on Lexington Road.
- Pylon Sign
- Signage
Nearby Major Retailers
Learn More About Leasing Retail Properties
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480 Lexington Rd
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