2221 Richmond Rd - Service Station FOR SALE


Lexington, KY 40502- Southeast Lexington
$2,500,000 USD
502-472-7546
2221 Richmond Rd, Lexington, KY for Sale
$2,500,000 USD
Service Station - FOR SALE
1/4
null | 4.08% Cap Rate

2221 Richmond Rd
Lexington, KY 40502
Southeast Lexington


HIGHLIGHTS

  • Gas Station / Convenience Store
  • 8 Fuel Pumps / 3 Fuel Tanks
  • Canopy Size: 3,662 SF
  • Zoned B1 - Neighborhood
  • TC: 20,000 vehicles/day

OVERVIEW

BP Convenience Store & Gas Station — Fee Simple - For Sale. Equity Management Group is pleased to present the opportunity to acquire a long-term, absolute NNN leased BP-branded gas station and convenience store in one of Lexington's most established and high-traffic retail corridors. Current in-place rent sits below market, giving ownership meaningful upside at lease expiration in 2032. With no renewal options remaining beyond that date, the buyer retains full flexibility to renew at market rate, self-operate the site, or re-tenant/ground lease to an alternative user. Traffic count in front of the site is 39,000 cars daily. Positioned directly on Richmond Road, the property benefits from over 20,000 vehicles per day of traffic and sits alongside a strong national retail lineup including Chick-fil-A, McDonald's, Walgreens, and Central Bank — a mature, infill trade area with decades of continuous operating history and a loyal, established customer base.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$2,533 USD /SF

CAP RATE

4.08%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

C-store, below replacement cost, NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

CROSS STREETS

Coburn Blvd

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

B-1

APN/PARCEL ID

11645204

ASK ABOUT THIS PROPERTY

Jason TaylorEquity Management Group, Inc.More Info
502-472-7546

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Jason TaylorEquity Management Group, Inc.More Info
502-472-7546

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.