Marcus & Millichap Facilitates $5.85 Million Sale of Walmart-Shadow Anchored Retail Center in Monticello, Kentucky

Reuters2025-07-29

Marcus & Millichap Facilitates $5.85 Million Sale of Walmart-Shadow Anchored Retail Center in Monticello, Kentucky

Marcus & Millichap Inc., a leading commercial real estate brokerage firm, announced the successful brokerage of a $5.85 million sale of Cumberland Crossing, a 94,366-square-foot Walmart-shadow anchored retail center in Monticello, Kentucky. The transaction was managed by Senior Managing Director Investments, Zach Taylor, and Eric Abbott, in collaboration with Grant Fitzgerald, the firm's broker in Kentucky. The shopping center, located at 133-255 Cumberland Crossing and shadow-anchored by a Walmart Supercenter, is currently 86% occupied with tenants such as Marshalls and Dollar Tree. The property boasts a strong regional draw, attracting over 2.7 million annual visits, and is situated near Lake Cumberland, a popular recreational area. The sale highlights the competitive market for value-add retail opportunities.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marcus & Millichap Inc. published the original content used to generate this news brief on July 25, 2025, and is solely responsible for the information contained therein.

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The transaction was managed by Senior Managing Director Investments, Zach Taylor, and Eric Abbott, in collaboration with Grant Fitzgerald, the firm's broker in Kentucky. The shopping center, located at 133-255 Cumberland Crossing and shadow-anchored by a Walmart Supercenter, is currently 86% occupied with tenants such as Marshalls and Dollar Tree. The property boasts a strong regional draw, attracting over 2.7 million annual visits, and is situated near Lake Cumberland, a popular recreational area. The sale highlights the competitive market for value-add retail opportunities.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marcus & Millichap Inc. published the original content used to generate this news brief on July 25, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.13","shortVersion":"4.35.13","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2555770539","isCrawlerRequest":true}