Marcus & Millichap closed the sale of Rally’s|Campbellsville, a 1,980-square-foot net-leased property in Campbellsville, Kentucky. The asset sold for $850,000.
Timothy Nichols, associate and an investment specialist in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. Colby Haugness assisted in closing this transaction as broker of record in Kentucky.
maRally’s|Campbellsville is located at 475 Campbellsville Bypass in Campbellsville. The property has a new 20-year lease to commence at the close of escrow with 7 percent rent escalations every five years and four five-year options. The property has a strong balance sheet with low debt and a strong equity position.