The Village at Cumberland Park_Property for Sale
The Village at Cumberland Park_Property for Sale
8926 S Broadway Ave, Tyler, TX, 75703-5420, US

The Village at Cumberland Park

Asset Description

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.

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Attributes

Building area Net
61,327 m²
Occupancy
93.00%
Year built
2015

Media

Investment Highlights

  • 6.3 MM annual visits
  • Top 2% of U.S. shopping centers
  • Robust national tenant mix (comprising 85% cash flow)
  • Future pad development opportunities
  • 93% leased
  • #1 shopping center in a 50-mile radius
The Village at Cumberland Park 4_Property for Sale
The Village at Cumberland Park 4_Property for Sale

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The Village at Cumberland Park (0 Properties)

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Last updated
30 Nov 2022