Georgetown Marketplace Development

Lot Area: 1.6 AC Floor Area: 9300 SF Year Built: 2018 Zip Code: 40324

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:

Strategic Location

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.

Compelling Demographics

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.

Georgetown Marketplace Marketing Package

Property Map

Brian Lubeck

Brian Lubeck is a founding Partner and oversees Cypress Property Group’s sales and leasing operations. Prior to establishing CPG, he graduated with a Bachelor’s degree from the University of Louisiana at Monroe and enjoyed eight successful years playing professional basketball. Brian then joined Pinnacle Realty Group as a commercial broker where he handled investment sales of multi-family and office buildings,…

View Profile

Contact Agent

Other Properties