Press Releases
Marcus & Millichap Brokers $5.85 Million Sale of Walmart-Shadow Anchored Retail Center in Monticello, Kentucky
July 25, 2025
MONTICELLO, Ky., July 25, 2025 – 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 Cumberland Crossing, a 94,366-square-foot Walmart shadow-anchored shopping center in Monticello, Kentucky, for $5,850,000.
“In today’s market, it's tough to find value-add retail opportunities with momentum, fundamentals, and upside,” said Zach Taylor, Senior Managing Director Investments. “Cumberland Crossing had all three and resulted in a competitive bidding environment.”
Marcus & Millichap’s Zach Taylor and Eric Abbott represented the seller in the transaction, in association with Grant Fitzgerald, the firm’s broker of record in Kentucky.
Located at 133–255 Cumberland Crossing, the center sits on 16.13 acres and is shadow-anchored by a Walmart Supercenter that has operated at the site since 2001. Currently 86% occupied, it includes 15 tenants such as Marshalls, Five Below, Farmers Home Furniture, Dollar Tree and Great Clips. The property benefits from a strong regional draw, with over 2.7 million annual visits, and is located minutes from Lake Cumberland, a major recreational destination.
“In today’s market, it's tough to find value-add retail opportunities with momentum, fundamentals, and upside,” said Zach Taylor, Senior Managing Director Investments. “Cumberland Crossing had all three and resulted in a competitive bidding environment.”
Marcus & Millichap’s Zach Taylor and Eric Abbott represented the seller in the transaction, in association with Grant Fitzgerald, the firm’s broker of record in Kentucky.
Located at 133–255 Cumberland Crossing, the center sits on 16.13 acres and is shadow-anchored by a Walmart Supercenter that has operated at the site since 2001. Currently 86% occupied, it includes 15 tenants such as Marshalls, Five Below, Farmers Home Furniture, Dollar Tree and Great Clips. The property benefits from a strong regional draw, with over 2.7 million annual visits, and is located minutes from Lake Cumberland, a major recreational destination.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
