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7939 Day Dr
Parma, OH 44129
Giant Eagle: Parma Heights, OH · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Banking
- Signalized Intersection
ABOUT 7939 DAY DR , PARMA, OH 44129
CBRE is pleased to exclusively offer investors the opportunity to acquire a 92,628-square-foot free standing Giant Eagle situated on 13.09 acres in Parma Heights, Ohio (Population: 79,659), the largest bedroom community in the Cleveland-Elyria MSA (Population: 2.06 million). Giant Eagle, which relocated to the site from an adjacent shopping center in 2007, signed a NNN lease which currently has ±13 years remaining and features ±$0.25 PSF rental increases in each of the eight 5-year options to renew. Just 8.0 miles southwest of Downtown Cleveland, the property boasts excellent access and visibility via two access points on Day Drive (Traffic Count: 16,904 VPD) just east of its intersection with Ridge Road which provides access to I-440 (3 miles north). Giant Eagle is also situated directly across from The Shoppes at Parma, which is undergoing a $95 million, multi-year transformation that is expected to be completed by summer 2017.
PROPERTY TAXES
| Parcel Number | 449-26-005 | Improvements Assessment | $2,759,015 |
| Land Assessment | $1,062,215 | Total Assessment | $3,821,230 |
PROPERTY TAXES
