133-255 Cumberland Xing - Storefront FOR SALE


Monticello, KY 42633
$6,240,000 USD
770-624-0841
133-255 Cumberland Xing, Monticello, KY for Sale
$6,240,000 USD
Storefront - FOR SALE
1/4
null | 8% Cap Rate

133-255 Cumberland Xing
Monticello, KY 42633


HIGHLIGHTS

  • Cumberland Crossing is a 94,366 SF Walmart shadow center anchored by Marshalls, Five Below, and Farmers Home Furniture, all with long-term leases.
  • The center sees 2.7M+ annual visits, benefits from strong road access, and draws from a 25+ mile trade area.
  • Located minutes from Lake Cumberland, the center is supported by robust tourism and Monticello’s regional appeal.

OVERVIEW

NEW NATIONAL TENANT LINEUP • Cumberland Crossing is a 94,366-square-foot Walmart Shadow Center featuring a new national tenant lineup anchored by Marshalls, Five Below, and Farmers Home Furniture • Cumberland Crossing features a Marshalls that has recently executed a new 10-year lease. • Marshalls, Inc. is an American chain of off-price department stores owned by TJX Companies and is backed by 1,200+ locations in the U.S. and Canada • Cumberland Crossing features a Five Below that has recently executed a 10-year lease • Five Below, Inc. is an American chain of specialty discount stores offering trendy products for $5 and beyond, with over 1,600 locations across the United States • This center is anchored by Farmers Home Furniture, which has been in the center for seven years and has five years of lease term remaining • Farmers Home Furniture is one of the fastest-growing furniture retailers in the Southeast, with over 266 locations • Cumberland Place has a Dollar Tree that has 22 Year occupancy history within the center • Dollar Tree, a 70-year-old company with a net worth of over $33 billion, operates more than 16,340 stores across 48 states and five Canadian provinces • The center also includes a Great Clips with 4.5 years remaining on its lease. Great Clips operates over 4,400 locations across the U.S. and Canada WALMART SHADOW CENTER • Cumberland Crossing shadows a Walmart Supercenter that has been here since 2001 | Walmart Owns the Walmart • The shopping center sees over 2.7M visits annually and has seen a 16% increase YoY • Pulls from a 25+ mile trade area • The center has strong fundamentals with excellent frontage on the main road and a direct turn lane into the center through an adjacent median, allowing access from both traffic flows • While the center benefits greatly from Walmart traffic, its positioning and tenant draw do not make it dependent on Walmart LAKE CUMBERLAND • Lake Cumberland is located less than six minutes from the center and sees over 4 million annual visitors • Lake Cumberland ranks 9th among U.S. reservoirs by volume and serves multiple purposes, including flood control, hydroelectric power, navigation, and recreation • Somerset-Pulaski-Wayne County recorded tourism spending of $150.9 million in 2023, which supported roughly 1,158 jobs and saved residents nearly $11 million in state and local taxes (averaging about $564 per household) MONTICELLO, KY • Monticello is the largest city and county seat of Wayne County • Monticello is considered the Houseboat Capital of the World • Monticello is home to Trifecta Houseboats, which represents a merger of three well-known brands (Stardust Cruisers, Sumerset Houseboats, and Thoroughbred Houseboats)

FOR SALE DETAILS

PRICE

$6,240,000 USD

PRICE/SF

$66 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cumberland Crossing

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

628

LAND DETAILS

LAND ACRES

15.53 AC

LAND SF

676,585 SF

ZONING

-

APN/PARCEL ID

065-00-00-028.00LO

ASK ABOUT THIS PROPERTY

Eric AbbottMarcus & MillichapMore Info
770-624-0841

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Eric AbbottMarcus & MillichapMore Info
770-624-0841

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.