Marcus & Millichap Arranges The Sale Of Kohl’s Net Leased Department Store in Nicholasville, KY
Nicholasville, KY, July 27, 2021 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Kohl's Net Lease with Upside in Developable Outparcel, a 82,982-square foot net-leased property located in Nicholasville, KY, according to John Krueger, regional manager of the firm’s Manhattan office. The asset sold for $9,439,583.
Jesse Limon, an investment specialist in Marcus & Millichap’s Manhattan office, had the exclusive listing to market the property on behalf of the seller, Man O’War Development LLC No 3. The buyer, InCommercial, Inc., was secured and represented by Jesse Limon. Colby Haugness, Broker of Record of the Kentucky office, assisted in closing this transaction. Limon comments, “This store is a top performance corporate-backed Kohl’s in Lexington, Kentucky’s metro area.”
Kohl's Net Lease with Upside in Developable Outparcel is located at 150 Kohls Dr in Nicholasville, KY. The property has 8.8 years remaining on the lease.
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About Marcus & Millichap (NYSE: MMI)
With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.