Proposed Retail Center (Southgate / Mud Lane / Preston Corridor)

Shopping Center for Lease
Catylist Listing ID: 30649098
Property Subtypes: Neighborhood Center, Strip Center
Building Status: Proposed
Contiguous Space: 1,500 - 10,000 SF
Gross Building Area: See Agent
Lease Rate: $25 - 26 PSF (Annual)
Base Monthly Rent: $20,833 - 21,666
Lease Types: NNN
Last Updated: 6/18/2024

Overview / Comments

This .96 acre site sits adjacent to Chili's Restaurant. Owner is open to all options, including development of a 6,000 sf retail center, ground lease, build-to-suit, and possible outright sale of the property. All users will be subject to the owner's approval. Some type of limited cross-parking agreement will be required with the adjacent Chili’s Restaurant.

Available for sale is a .96 acre ± lot zoned C-1. It is a vacant site primed for retail, medical or office development (sale, ground lease, build-to-suit, development). This highly-visible lot is strategically located in front of Commerce Crossing, a 240-acre business park.

The site is located off Preston Highway in a vibrant, developing neighborhood alongside a 312 Class-A apartment complex and the proposed Apex Center, a 14,000 SF retail center. The surrounding area is home to many big box retailers, including Kroger, Walmart, Kohl's, Lowe's and numerous national and regional retailers such as Shell, Wendy's, Zaxby's, Culver's, Verizon, AT&T and more.

The site offers great visibility to over 34,000 vehicles per day along Preston Highway and boasts great immediate residential growth potential with a 1.58% annual population growth rate within a 1-mile radius.

Expand All Available Space

Suite: 100 10,000 SF $25 - 26 PSF (Annual) NNN
Space Available: 10,000 SF
Minimum Divisible: 1,500 SF
Lease Rate: $25 - 26 PSF (Annual)
$20,833 - 21,666 (Monthly)
Lease Type: NNN
Space Description: This .96 acre site sits adjacent to Chili's Restaurant. The property is available for development subject to the owner's approval. The parcel sits in a manner which allows visibility from Preston. Property may also be available for Purchase.
Date Available: 6/1/2020
Lease Term: 60 Months
Space Type: New

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 3514006B0000
Zoning: C-1 - Commercial District

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,184 62,398 135,568
Median Age: 34.2 37.04 37.48
Households: 4,124 23,925 52,871
The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Moody's assume any liability for errors or omissions.