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701 National Ave
2,303 SF of Retail Space Available in Lexington, KY 40502
Highlights
- Freestanding restaurant space with equipment in the Warehouse Block
- Convenient block-wide shared parking for patrons
- Located in the 40502, one of Lexington's most sought after zip codes
- Surrounded by popular local businesses, enhancing synergy and customer draw
- Close to well-established neighborhoods like Kenwick, Chevy Chase, and Ashland
- Not included in listed square footage is additional rooftop and patio seating
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,303 SF | Negotiable | $26.00 /SF/YR $2.17 /SF/MO $59,878 /YR $4,990 /MO | Modified Gross |
1st Floor
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as a Drinking Establishment
- Space is in Excellent Condition
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.
PROPERTY FACTS FOR 701 National Ave , Lexington, KY 40502
| Property Type | Retail | Year Built/Renovated | 1979/2016 |
| Property Subtype | Restaurant | Parking Ratio | 6.51/1,000 SF |
| Gross Leasable Area | 2,303 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 2,303 SF |
| Year Built/Renovated | 1979/2016 |
| Parking Ratio | 6.51/1,000 SF |
About the Property
Located as the corner piece of Lexington’s "Warehouse Block", 701 National Avenue is a freestanding restaurant space with outdoor patio and rooftop seating surrounded by a mix of popular businesses, including Mirror Twin Brewing, Eppings on Eastside, Breakout Games, La Petite Delicat, Sav’s Chill, Blue Door Smokehouse and more. The block's walkability and thriving local scene make it a Lexington destination for residents and visitors alike. This building is positioned in the highly desirable 40502 zip code, next to some of Lexington’s most sought-after neighborhoods, including Kenwick, Chevy Chase, and Ashland. The property benefits from high foot traffic and shared parking that ensures easy access for customers, making it an ideal spot for restaurant operators looking to benefit from the synergy in the area. For more information please contact Weston Lockhart at weston.lockhart@svn.com // 859.317.3538 or Nathan Dilly at nathan.dilly@svn.com // 859.420.5492
- Air Conditioning
Nearby Major Retailers
Contacts
-
Weston Lockhart -
Nathan Dilly -
Hadley Carmichael -
SVN | Stone Commercial Real Estate
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701 National Ave
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