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.
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