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Governor's Square 9 Governors Sq 6,230 SF of Retail Space Available in Shelbyville, KY 40065
HIGHLIGHTS
- ? 87,000 SF established neighborhood shopping center
- ?? Renovated in 2015 with modern infrastructure
- ?? Strong tenant mix: Norton Healthcare, Family Dollar, Anytime Fitness, H&R Block
- ?? Signalized corner location at US-60 & US-53 in Shelbyville, KY
- ??? 350+ surface parking spaces with multiple access points
- ?? Excellent visibility and signage opportunities
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 190 | 6,230 SF | 1-20 Years | $10.00 /SF/YR $0.83 /SF/MO $107.64 /m²/YR $8.97 /m²/MO $5,192 /MO $62,300 /YR | Triple Net (NNN) |
150-198 Frankfort Rd - 1st Floor - Ste 190
Prime 6,230 SF corner suite available at Governors Square — a well-established 87,000 SF shopping center located at the signalized intersection of Frankfort Road (US-60) and Mt. Eden Road (US-53) in Shelbyville, KY. The suite features a large open showroom, rear storage area, ADA-compliant restrooms, and standard lay-in ceiling grid with lighting and sprinklers. Rooftop HVAC package unit and 200–400 amp electric service in place. Ideal for retail, fitness, medical, or service-based users. High visibility and strong co-tenancy with Norton Healthcare, Family Dollar, Anytime Fitness, and H&R Block. The center benefits from heavy daily traffic, multiple ingress/egress points, and abundant surface parking (350+ spaces). Located in a fast-growing retail corridor fueled by major industrial and distillery expansions in Shelby County. Space available January 1, 2026. Lease Rate: $10.00 PSF + $3.50 NNN
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- Prime 6,230 SF corner suite
- 350+ surface parking spaces
- Multiple ingress/egress points
- Large open showroom + storage
- Located in established Governors Square
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.
SELECT TENANTS AT GOVERNOR'S SQUARE
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Amazon Hope Thrift Store
- Dollar/Variety/Thrift
- 1
- Regional
- American Rental
- Furniture/Mattress
- 80
- National
- Anytime Fitness
- Fitness
- 3,102
- International
- Family Dollar
- Dollar/Variety/Thrift
- 9,662
- National
- Norton Healthcare
- Health Care
- 178
- Regional
- Select Physical Therapy
- Health Care
- 2,676
- National
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Amazon Hope Thrift Store | Dollar/Variety/Thrift | 1 | Regional |
| American Rental | Furniture/Mattress | 80 | National |
| Anytime Fitness | Fitness | 3,102 | International |
| Family Dollar | Dollar/Variety/Thrift | 9,662 | National |
| Norton Healthcare | Health Care | 178 | Regional |
| Select Physical Therapy | Health Care | 2,676 | National |
PROPERTY FACTS
| Total Space Available | 6,230 SF | Frontage | 726’ on Mt Eden Rd |
| Center Type | Neighborhood Center | Gross Leasable Area | 87,000 SF |
| Parking | 550 Spaces | Total Land Area | 8.45 AC |
| Stores | 11 | Year Built | 1972 |
| Center Properties | 1 | Cross Streets | Hwy 53 & U.S. 60 E |
| Total Space Available | 6,230 SF |
| Center Type | Neighborhood Center |
| Parking | 550 Spaces |
| Stores | 11 |
| Center Properties | 1 |
| Frontage | 726’ on Mt Eden Rd |
| Gross Leasable Area | 87,000 SF |
| Total Land Area | 8.45 AC |
| Year Built | 1972 |
| Cross Streets | Hwy 53 & U.S. 60 E |
ABOUT THE PROPERTY
Governors Square is a well-established 87,000 SF neighborhood shopping center strategically positioned at the signalized intersection of Frankfort Road (US-60) and Mt. Eden Road (US-53) in Shelbyville, Kentucky. The property features excellent visibility, multiple access points, and a strong mix of national and regional tenants that drive consistent traffic to the center. The center underwent a major renovation in 2015 and offers modern infrastructure including concrete block and steel construction, fully sprinklered systems, rooftop HVAC units, and abundant surface parking with over 350 spaces. Anchored by leading tenants including Norton Healthcare, Family Dollar, Anytime Fitness, and H&R Block, Governors Square provides strong tenant synergy and destination retail appeal. The property benefits from frontage on two major retail corridors, capturing both local and regional traffic. Located in a rapidly growing market, Shelby County is experiencing robust industrial and population growth driven by major employers such as EnerVenue, Wieland North America, and IJW Whiskey Company. This expansion fuels continued demand for quality retail space in this corridor. With its prime location, strong tenant mix, modern infrastructure, and growing trade area, Governors Square is an ideal setting for retailers, medical users, fitness operators, and service-based businesses looking to expand or establish a presence in the Shelbyville market.
- Freeway Visibility
NEARBY MAJOR RETAILERS
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Governor's Square | 9 Governors Sq
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