Brookridge Plaza | 7500 Brookpark Rd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Brookridge Plaza 7500 Brookpark Rd
80,615 SF 100% Leased Retail Building Cleveland, OH 44129 $3,160,000 ($39/SF) 8.25% Cap Rate
Investment Highlights
- Value City Furniture has occupied the space since 1986
- Future redevelopment opportunity - ability to cash flow for the short term to prepare for a retail/industrial redevelopment in the future
- Potential Outparcel Opportunity
- The location benefits from its proximity to a strong retail trade area, industrial distribution and ease of access to the highway
Executive Summary
The property is located in the heart of the Brookpark Road retail trade area, with neighboring Tenants including Menards, Best Buy, Arhaus Loft, Auto Zone Hub, Dollar Tree & located across the highway from Ridge Park Square, which features Lowes, TJ Maxx, Ross Dress for Less, Grocery Outlet, Michaels, Marcs, Starbucks and more.
Value City Furniture, a tenant since 1986, is on a triple net lease and is in its final option term, expiring May 31, 2034 at a below market $4.36 NNN rent. Nightmare Cleveland is a permanent haunted house Tenant that signed a 5 year lease in 2022 and pays a stabilized gross rent of $5.90 starting in October 2024.
The property is listed at an in-place 8.25% cap rate based on a projected $260,673 2024 NOI.
Value City Furniture, a tenant since 1986, is on a triple net lease and is in its final option term, expiring May 31, 2034 at a below market $4.36 NNN rent. Nightmare Cleveland is a permanent haunted house Tenant that signed a 5 year lease in 2022 and pays a stabilized gross rent of $5.90 starting in October 2024.
The property is listed at an in-place 8.25% cap rate based on a projected $260,673 2024 NOI.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
80,615 SF
Building Class
B
Year Built
1974
Price
$3,160,000
Price Per SF
$39
Cap Rate
8.25%
NOI
$260,673
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
4 Exterior
Building FAR
0.27
Lot Size
6.76 AC
Parking
612 Spaces (7.59 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
Walk Score ®
Very Walkable (71)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 433-20-005 | Improvements Assessment | $240,240 |
| Land Assessment | $494,760 | Total Assessment | $735,000 |
PROPERTY TAXES
Parcel Number
433-20-005
Land Assessment
$494,760
Improvements Assessment
$240,240
Total Assessment
$735,000
1 of 12
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Brookridge Plaza | 7500 Brookpark Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.