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Investment Highlights

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  • Value-Add Potential Through Interior Upgrades: By renovating the unit interiors, new ownership could potentially achieve a $100 premium or more in rent per month 
  • Heavily Trafficked Intersection: Shillito Park is located near the intersection of heavily trafficked Man O' War Boulevard (35,013 VPD) and Nicholasville Road (44,752 VPD)
  • Substantial Property Rent Growth: Rental Income at the property has increased 19% from the beginning of 2014 to June 2017, increasing monthly from $137,526 to $163,319 during that time period
  • Competitive Amenities Package: Shillito Park features the following amenities:
    • Swimming Pool w/ Sundeck
    • 24/7 High-End Fitness Center
    • Tanning Bed
    • Newly Renovated Clubhouse
    • On-Site Laundry Facility
  • Significant Nearby Development: The Summit at Fritz Farm, a $156 million mixed-use development less than 1 mile from the property, recently opened in April 2017
  • Attractive School District: According to Greatschools.org, Shillito Park is zoned for Elementary, Middle, and High Schools all ranked 9 out of 10 or greater
  • Growing City & Statewide Economic Climate: Kentucky ranks #2 for "Economic Development Projects per Capita", while Lexington ranks #4 for "Top Mid-Sized Metro for Economic Development", according to Site Selection
  • Walking Distance to 1.3M SF of Retail: Shillito Park is located within walking distance of Fayette Mall & The Mall at Lexington Green, giving tenants easy access to a combined 1.3 million SF of retail including JC Penney, Macy's, Dillard's, Dick's Sporting Goods, Whole Foods, Lowe's, Walmart, Old Navy, Target, Bed Bath & Beyond, Best Buy, & Ross

        Shillito Park

        Lexington, KY
        216 Units

        Currently Under Contract
        Confidentiality Agreement

        Property Flyers and Confidentiality Agreements can be viewed for general information. To view property financial documents, please complete the Confidentiality Agreement. You will receive instructions via email on how to access the information.