The Ace Center is a complex
that is comprised of several buildings, the main building which hosts
several large national brand retail tenants including Save-A-Lot,
Rite-Aid Pharmacy, SubWay are all on a contiguous retail store front of
approximately 80,000 sq ft of retail space. The rental property that is
being offered is adjacent to Rite-Aid and has 8,382 SF of contiguous
retail space with independent loading, docking and storage facilities.
Previous tenants of this space include Family Dollar and Dollar
General. The other buidlings adjacent to the main complex include
McDonalds, Hardeess, BBT Bank, O’Raiely autoparts and several other
local businesses. This is the only major retail center in the
area, Bardstown, approximately 17 miles northwest, is the closest
area with additional national retailers.
The center has ample paved and lined parking spaces. The
property has a wide 150ft frontage on US Hwy 150./KY 55 with 20,000 VPD
traffic exposure. It has full easy entrance and exit access from the
two highways : US Highway 150, KY555 and KY 55.
The Center is located in Springfield KY which
maintains superb fundamentals with excellent economic growth fuelled by
the county’s effort to bringing manufacturing jobs into the city.
Springfield is a town of about 3000 people, and has 1,100 manufacturing
jobs. Very few counties, if any, of comparable size in Kentucky can say
that. Seven of the largest employers in Washington County are located
in Springfield and include Toyotomi America, Springfield Products,
Alltech, Barber Cabinet, and Bluegrass Dairy. While a heavy reliance on
a single industry can create a “boom or bust” economy, Washington
County had been able to maintain positive job growth and unemployment
rates near state averages. Overall, due to Washington County’s reliance
on its manufacturing base the overall market area is considered stable.
Hal Goode, SWEDA’s (Springfield Washington county Economic development
agency) executive director, said the agency has three main tasks:
recruit new industry, retain existing industry, and provide workforce
development. In the past 10 years, he said, the community’s industrial
base has diversified. That’s an effort that will continue. We’re trying
to bring in high-skilled jobs, technical jobs,” he said. “In the next
10 years, we’ll continue the emphasis on automotive suppliers, but also
diversify into wood products, biotechnology, and plastic injection
molding. Springfield is also the home to St. Catherine College
which was founded in 1931 and has a student population of approximately
950 and offers associate and baccalaureate, and master’s degree
programs through the School of Graduate Studies, School of Arts &
Sciences, Health and Human Sciences.
Building Information
- Year Renovated 2004 and 2010
- Exterior: The exterior is metal construction with brick and block
veneers.
- Year Built: Circa 1985, Renovated 2004
- Foundation: Concrete
- Floor Slabs: Poured Concrete
- Finished Flooring: Tile in restrooms and Carpet in office/retail
areas
- Structural System: Steel
- Exterior Walls: Brick/Block/Metal
- Interior Walls: Drywall
- Ceilings: Drop ceiling or open to roof deck
- Roof: Metal
- Gutters and Downspouts: Aluminum
- Doors: Glass
- Lighting: Florescent
About SpringField Kentucky