US - Lubbock, TX
A$15,171,000 | 6,548 m²
Jones Lang LaSalle ("JLL") is pleased to exclusively offer The Village at Cumberland Park (the "Property"), a 93% leased, 660,121 square foot, fortress shopping center anchored by Burlington, and Studio Movie Grill, with frontage along Broadway Avenue in Tyler, TX. The Property offers stable cash flow from a robust national tenant roster accounting for more than 85% of the in-place cash flow, boasting a WALT of 4.6 years, drawing well over 6.3 MM annual visits, ranking in the top 2% of shopping centers nationally (Source: Placer.AI), and producing total annual commerce in excess of $90 MM. The Village at Cumberland Park provides investors with the unique investment opportunity to acquire the highest-performing power center in the Tyler/Longview MSA, with a reliable cash flow, robust national tenant mix, and multiple value enhancement opportunities including the ability to develop two interior parcels and a pad site along Broadway Ave.