Century Plaza

1127 US Hwy 127 S, Frankfort, KY 40601

Property Information

  • For Lease Contact for pricing
  • Property Type Retail
  • Property Size 85,000 SF
  • Lot Size 14.3 Acre
  • Property Tenancy Multi-Tenant
  • Date Updated May 12, 2026

Description

Century Plaza is located approximately 1 mile off of I-64 at Exit 53B in Frankfort, KY. The property is situated in a high traffic area on US 127, Frankfort's major retail corridor. Frankfort, the Capitol of the Commonwealth, is bisected by the Kentucky River and is the midway point between Kentucky's two largest markets of Lexington and Louisville. Frankfort is 29 miles west of Lexington, 54 miles east of Louisville and 107 miles southwest of Cincinnati. Frankfort is home to Kentucky State University, a four year liberal arts college, with an enrollment of 2,400 students. The city of Frankfort has grown steadily, relying on state government, manufacturing and spirits distilling to provide a strong employment base.NAI Isaac is pleased to present leasing opportunities at Century Plaza, a 85,000 SF recently renovated shopping center on 14.30 acres. Redevelopment opportunity for ground lease and a +/-0.37 AC outparcel for ground lease. Anchored by Dollar General and former Big Lots anchor space available. Area retailers include Lowe's, Home Depot and Walmart. Pylon signage available. Ample parking with 620 spaces. Excellent visibility and access from US 127 and within 1 mile of I-64. An average of 29,700 vehicles per day pass by the center. Strong demographic support with a population of 35,365 within a 5 mile radius and an average household income of $53,832. Landlord will provide standard white box to tenants, including drywall ready for paint, concrete ready for flooring, acoustical tile ceiling, lighting and restrooms. Competitive rates and flexible terms!

Highlights

  • +/-24,769 vehicles per day in front of the center
  • +/-85,000 SF established retail shopping center with new to market 30,000 SF anchor position available
  • 620 parking spaces available
  • Anchored by Dollar General; former Big Lots anchor space available
  • Area retailers include Walmart, Lowe’s, Harbor Freight, Kroger, and more
  • COMPETITIVE RATES AND FLEXIBLE TERMS!
  • Excellent visibility and access from US 127 and within one mile of I-64
  • Frankfort is the Capitol of the Commonwealth of Kentucky drawing from Kentucky's two largest markets of Lexington and Louisville
  • Ground lease available to accommodate up to 50,000 SF building
  • Landlord will provide standard white box finish
  • Pylon signage available
  • With over 21,000 jobs, State Government is the leading industry in Frankfort

11 Spaces Available

Major A (former Big Lots)

Space Type

Retail

Lease Rate

$4.00 - $6.00/SF/YR

Total Space

30,000 SF

Divisible Space

30,000 - 30,000 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Major B

Space Type

Retail

Lease Rate

Contact for pricing

Total Space

50,000 SF

Divisible Space

50,000 - 50,000 SF

Available Date

Immediate

Renewal Option

Yes

Sublease

No

Outparcel

Space Type

Retail

Lease Rate

Contact for pricing

Total Space

16,117 SF

Divisible Space

0.37 - 0.37 SF

Available Date

Immediate

Renewal Option

Yes

Sublease

No

Suite 1

Space Type

Retail

Lease Rate

$8.00/SF/YR

Total Space

8,450 SF

Divisible Space

8,450 - 8,450 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Suite 10

Space Type

Retail

Lease Rate

$10.00/SF/YR

Total Space

1,400 SF

Divisible Space

1,400 - 1,400 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Contacts

Paul Ray Smith Jr.

NAI Isaac

Location

Contact Listing Broker
Paul Ray Smith Jr.

NAI Isaac

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