Brian Lubeck of Cypress Property Group represented the seller of this brand new construction (2 freestanding buildings) on highly desirable out parcels to one of the highest grossing Kroger Marketplaces in central Kentucky. Totaling 9,300 SF between both buildings, 107 Marketplace Circle is currently occupied by investment grade tenants with national brand recognition, including Starbucks (S&P: BBB+), Verizon (S&P: BBB+) and MOD Pizza. Commonwealth Credit Union will occupy the second building (105 Marketplace Circle) in Q2 of 2019 with 10-year primary terms. Other development highlights include:
Located in the second fastest growing county in Kentucky, this development is an outparcel to a new 125,000 SF Kroger Marketplace that is consistently ranked among Central Kentucky’s Top 5 stores in sales and the only Kroger store in Scott County (pop. 47,000).
Growth & Economic Stabilizers
Georgetown is home to Toyota’s largest manufacturing facility in the world. The company also spent $1.33 billion at the Scott County facility and added 700 new jobs in 2017.
Georgetown is located where I-64 and I-75 intersect, which is approximately 10 miles north of Lexington – the second most populous city in Kentucky.
High Traffic Area
The adjacent intersection of US-62 and US-25 has a traffic count of 23,000 vehicles per day.