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5989 Canal Rd
9,163 SF of Retail Space Available in Valley View, OH 44125
Highlights
- Join Cinemark, Quaker Steak & Lube and Oak Barrel
- Cinemark is Northeast Ohio’s top grossing movie theatre (24 screens/5,000+ seats)
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 9,163 SF | Negotiable | $18.50 /SF/YR $1.54 /SF/MO $169,516 /YR $14,126 /MO | TBD |
1st Floor
Freestanding restaurant adjacent to one of most visited movie theatres in the United States (Placer.ai)
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 5989 Canal Rd , Valley View, OH 44125
| Property Type | Retail | Year Built | 2002 |
| Property Subtype | Restaurant | Parking Ratio | 10/1,000 SF |
| Gross Leasable Area | 9,163 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 9,163 SF |
| Year Built | 2002 |
| Parking Ratio | 10/1,000 SF |
About the Property
• Freestanding 9,163 SF former restaurant adjacent to Ohio’s most visited Cinemark (Placer.ai) and one of the most visited movie theatres in the United States (Placer.ai) o For Sale: $1,599,000 o For Lease: Inquire for Details • Second Generation restaurant with hood, cooler, bar and additional restaurant infrastructure in place • One of the most centrally located sites in the market; easily accessible to downtown Cleveland, Independence, Western suburbs and Eastern suburbs • Positioned minutes from Rockside Road which features over 4 M SF office space and the markets only Top Golf • Positioned minutes from the redeveloped 750,000 SF Highland Park business park • Multiple industrial distribution centers constructed in the Valley over the past few years • Dense population of 201,497, with daytime population of 190,553 in a 5 mile radius • Over 3.5 M SF industrial/flex space in the Valley View corridor (Source: Costar)
Nearby Major Retailers
Presented by
5989 Canal Rd
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