2412 S Preston St
Louisville, KY 40217
Retail Property For Sale

Marcus & Millichap is pleased to present the exclusive listing for a Rally' s located at 2502 South Preston Street #3 in Louisville, Kentucky. The tenant entered into a 20-year triple-net lease in 1999 with absolutely no landlord responsibilities. There are approximately four years remaining on the current lease. The property sits on approximately one-half of an acre. The building size is 1,552 square feet. The lease calls for a four percent rental escalations every 2 years. The subtenant for this property is LouRal II, LLC, and will be guaranteed by Hertz-Ral, LLC throughout the lease, in addition to Joseph H. Hertzman, a 41 unit fast food location owner/ operator for the remainder of the initial term. This Rally' s is located at 2502 South Preston Street, #3 Louisville, Kentucky. Louisville is the largest city in the Commonwealth of Kentucky and the 30th-most populous city in the United States. It is one of two cities in Kentucky designated as first-class, with the other being the state's second-largest city of Lexington. Louisville is the historical seat and, since 2003, the nominal seat of Jefferson County. The subject property is well-positioned in a retail corridor that harbors both local and national retailers. The Rally' s is located close to a Pizza Hut and across the street from a KFC. Additionally, other major tenants in the immediate area include Walgreens, Domino' s, State Farm, White Castle, Radio Shack and Family Dollar.