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Simpson Center 1080 S Broadway 1,720 - 1,722 SF of Retail Space Available in Lexington, KY 40504
HIGHLIGHTS
- Conveniently located near the main University of Kentucky campus, several major student housing complexes, Saint Joseph Hospital and Lexington Clinic
- Approximately 1.5 miles from downtown Lexington
- Strong demographic area with population over 108,000 within a 3 mile radius
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 204 | 1,720-1,722 SF | Negotiable | $24.50 /SF/YR $2.04 /SF/MO $42,189 /YR $3,516 /MO | Triple Net (NNN) |
1st Floor, Ste 204
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
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.
SITE PLAN
SELECT TENANTS AT SIMPSON CENTER
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Buffalo Wild Wings
- Restaurant
- 1,665
- International
- Dollar Barn
- -
- 1
- -
- First Watch
- Restaurant
- 751
- National
- Gumbo Ya Ya
- Restaurant
- 1
- Local
- Penn Station East Coast Subs
- Sub Sandwich
- 379
- National
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Buffalo Wild Wings | Restaurant | 1,665 | International |
| Dollar Barn | - | 1 | - |
| First Watch | Restaurant | 751 | National |
| Gumbo Ya Ya | Restaurant | 1 | Local |
| Penn Station East Coast Subs | Sub Sandwich | 379 | National |
PROPERTY FACTS
| Total Space Available | 1,722 SF | Gross Leasable Area | 11,210 SF |
| Min. Divisible | 1,720 SF | Total Land Area | 2.44 AC |
| Property Type | Retail | Year Built | 1996 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 2.13/1,000 SF |
| Total Space Available | 1,722 SF |
| Min. Divisible | 1,720 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 11,210 SF |
| Total Land Area | 2.44 AC |
| Year Built | 1996 |
| Parking Ratio | 2.13/1,000 SF |
ABOUT THE PROPERTY
NAI Isaac is pleased to present leasing opportunities at Simpson Center, a +/-22,171 SF retail center, conveniently located near University of Kentucky, student housing complexes, Saint Joseph Hospital, Lexington Clinic and downtown Lexington. Join First Watch, Buffalo Wild Wings, Penn Station Subs, and more. Average daily traffic count of +/-37,680 ('23) vehicles per day pass in front of the center.
- Signage
NEARBY MAJOR RETAILERS
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Simpson Center | 1080 S Broadway
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