Pin Oak Plaza 2887 Richmond Rd 7,555 SF 100% Leased Retail Building Lexington, KY 40509 $6,306,524 ($834.75/SF) 5.25% Cap Rate

Qualified investors are extended the opportunity to acquire a 100% fee simple interest in a premier three-tenant inline retail center located in Lexington, KY and fully guaranteed by Panera Bread, Next Level Sports Nutrition and AT&T corporate.
The subject development was completed in 2022 by Louisville, KY based firm, Hogan Real Estate. The 7,755 SF building is fully leased with original 10-year terms which commenced in Q4 of 2022, all with rent escalations and additional option periods. Next Level Sports Nutrition and AT&T have two (2), five (5) year option periods and Panera Bread has three (3), five (5) year option periods.
The site is situated in front of Lowe’s and has excellent street-front visibility from the heavily trafficked Richmond Road, which receives nearly 40,000 VPD. The property is centrally located in a prominent, bustling retail and restaurant hub between New Circle Road and Man O’ War Boulevard, with a newly constructed retail development directly across Richmond Road. The development also features a large pylon sign very visible from both directions on Richmond Road. The surrounding area is home to a wide array of employers including Valvoline World Headquarters, Aramark and International Paper, providing a thriving daytime population.