Gardenside Plaza Shopping Center
$6,500,000
1701-1785 Alexandria Drive, Lexington, KY 40504
84,459 sqft
Building Size
7.96 acres
Lot Area
Details:
Highlights:
- First Time on Market!
- Stable 100% Occupancy with National Credit Tenants (Dollar General, USPS, Oak St. Health, Chase Bank)
- Strong 8.06% cap rate with below market rents.
- Strategically located neighborhood shopping center with over 10,000 households in a 1.5 mile radius (Avg. HHI: $88,295)
Description:
SVN Stone Commercial Real Estate is pleased to present Gardenside Plaza, a well-established neighborhood shopping center located off Alexandria Drive in Lexington, Kentucky. This investment opportunity is home to a diverse mix of local and regional tenants, serving the surrounding residential neighborhoods with daily needs and services. The center features strong occupancy, steady foot traffic, and ample parking, making it a reliable income-producing asset. With its infill location in a densely populated area and proximity to major thoroughfares, Gardenside Plaza offers investors a stable, low-maintenance property with long-term value and growth potential.
Gardenside Plaza is located along Alexandria Drive, a well-traveled retail corridor in the heart of Lexington, Kentucky’s established Gardenside neighborhood. Surrounded by dense residential communities and well-known local institutions, the center benefits from consistent daily traffic and strong neighborhood visibility. Its proximity to Harrodsburg Road and New Circle Road provides convenient access to other major commercial districts while maintaining a strong presence within a stable, middle-income trade area.
Documents:
| Title | ||
|---|---|---|
| SVN_Brochure_-_Gardenside_Plaza.pdf |
Location
Gallery
