260 E New Circle Rd - Drug Store FOR SALE


Lexington, KY 40505- East Lexington
$3,100,000 USD
859-420-5492
260 E New Circle Rd, Lexington, KY for Sale
$3,100,000 USD
Drug Store - FOR SALE
1/16
null | Request Cap Rate

260 E New Circle Rd
Lexington, KY 40505
East Lexington


HIGHLIGHTS

  • 15,048 SF free-standing retail building
  • Zoned B-3 (Highway Business)
  • Built for Walgreens – adaptable for a variety of uses
  • 36,658 VPD on New Circle Rd with strong surrounding retail
  • Drive-thru in place for added flexibility
  • Pylon signage for visibility

OVERVIEW

SVN Stone Commercial Real Estate is pleased to present 254 E New Circle Rd, Lexington, KY, a 15,048 SF free-standing retail building with a drive-thru on 2.19 acres, originally constructed for Walgreens. Positioned along New Circle Road (36,658 VPD), this property offers high visibility and accessibility in a well-established retail corridor. Located next to a newly constructed Dutch Bros Coffee, Chick-Fil-A, Panda Express, Bank of America, Kroger, and more. The site benefits from strong retail synergy along New Circle Road. The property features a drive-thru, ample parking, and pylon signage, making it well-suited for retail, medical, office, or other commercial uses under its B-3 zoning. Additionally, the property includes a billboard that generates an additional revenue stream of $950/month. For more information please contact Weston Lockhart at weston.lockhart@svn.com // 859.317.3538, Nathan Dilly at nathan.dilly@svn.com // 859.420.5492, or Matt Stone at matt.stone@svn.com // 859.351.5444.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$205 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Former Walgreens with Drive-Thru in Lexington

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

71

LAND DETAILS

LAND ACRES

2.19 AC

LAND SF

95,396 SF

ZONING

B-3

APN/PARCEL ID

45663600

ASK ABOUT THIS PROPERTY

Nathan DillySVN Stone Commercial Real EstateMore Info
859-420-5492

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

Nathan DillySVN Stone Commercial Real EstateMore Info
859-420-5492

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