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Colonial Square 7730 US Highway 42
1,118 - 2,368 SF of Office Space Available in Florence, KY 41042
Highlights
- High Visibility from US 42
- Owner will consider a TI allowance for qualified applicant
- Excellent location on Dixie Highway, close to interstates
- New Colonial Square Re-Development
- New Restaurant with Large Outdoor Patio and Courtyard
- Direct exposure to Industrial Road re-development
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste A-4 | 1,118 SF | 3-5 Years | $16.10 /SF/YR $1.34 /SF/MO $18,000 /YR $1,500 /MO | Modified Gross | ||
| 2nd Floor | 1,250 SF | Negotiable | $7.20 /SF/YR $0.60 /SF/MO $9,000 /YR $750.00 /MO | Modified Gross |
7724 US Highway 42 - 1st Floor - Ste A-4
Be a part of the newly redeveloped Colonial Square development. This four-building development is anchored by Acapulco and includes several other retail and office users. This space would be ideal for a small professional office, medical office, or retail user. Existing tenants have restrictions for restaurants, coffee shop, bakery, hair care, nails, med spa and real estate offices. The space was occupied by State Farm for many years and will need renovation. There is a possibility that this space could be combined with adjacent unit of 1000 SF creating 2100 SF+/-. Pictures will be coming. The exterior of all four buildings have been completely remodeled. Acapulco has a large interior courtyard with a patio which gives significant visibility to the space.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Office
- Mostly Open Floor Plan Layout
- Fits 3 - 9 People
- Space In Need of Renovation
- Central Air and Heating
- Open-Plan
- Excellent location on corner of Ewing Blvd and US.
- Proximity to I-75, I-71
- Regular Destination for lifestyle services/dining
- Pylon Signage, Large Parking Lot
- Strong demographics
7730 US Highway 42 - 2nd Floor
1250 SF available in Building B on second floor, STORAGE ONLY, $750 per month plus CAM. Exterior renovation is now 95% complete. New businesses are currently under construction and soon to be announced. Be a part of the redeveloping Colonial Square property on the corner of US 42 and Ewing Blvd in Florence. This redeveloped project includes a variety of retail and office units of varying sizes with abundant parking in highly visible location near I-75. The developer plans to create retail and office community attracting boutiques, medical office, professional office, restaurants, a coffee shop, bakery, etc. The rest of the project has been leased and is being renovated.
- Listed rate may not include certain utilities, building services and property expenses
- Mostly Open Floor Plan Layout
- Fits 4 - 10 People
- Space In Need of Renovation
- Central Air and Heating
- Natural Light
- High Visibility from US #42, high vehicle exposure
- Re-development area
- Signalized intersection corner
- Center is close to Industrial Road and expressway
- New Acapulco restaurant recently expanded
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 Colonial Square
- To Be Announced, Awaiting Architect
PROPERTY FACTS FOR 7730 US Highway 42 , Florence, KY 41042
| Center Type | Strip Center | Frontage | 305’ on US Highway 42 |
| Parking | 90 Spaces | Gross Leasable Area | 11,723 SF |
| Stores | 14 | Total Land Area | 9.84 AC |
| Center Properties | 4 | Year Built | 1978 |
| Center Type | Strip Center |
| Parking | 90 Spaces |
| Stores | 14 |
| Center Properties | 4 |
| Frontage | 305’ on US Highway 42 |
| Gross Leasable Area | 11,723 SF |
| Total Land Area | 9.84 AC |
| Year Built | 1978 |
About the Property
Colonial Square is located on 2.28 acres on US #42 and corner of Ewing Blvd. The center has 330' frontage with high visibility and high vehicle count on US#42. Center is Modified Gross, no NNN or CAM charges. Tenants pay utilities and interior maintenance. Colonial Square has undergone significant redevelopment with all new windows, siding and paint, resurfaced and striped parking lot, new signage. It has abundant parking. Owner will consider a tenant improvement allowance package from a qualified applicant. Center has a new completely renovated restaurant with an outdoor open patio. Acapulco restaurant brings fresh energy to the new development and is expanding at this location due to business growth. Additional new tenants to be announced as coming soon. Building B at 7730 has second level storage space only of 1250 SF. 7724A, current State Farm unit will be available on 12/1/24. This unit is 1118 SF office space, currently occupied by State Farm. Owners would be willing to update State Farm space as current tenant has been here since 1990's. The Center has direct exposure to Industrial Road re-development and proximity to I-75. Local property management is attentive to tenants.
- Corner Lot
- Courtyard
- Pylon Sign
- Restaurant
- Signalized Intersection
- Air Conditioning
Nearby Major Retailers
Presented by
Colonial Square | 7730 US Highway 42
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