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Highway-Visible Former Car Dealership 940 Babbitt Rd
27,192 SF of Office/Retail Space Available in Euclid, OH 44123
Highlights
- 940 Babbitt Road offers a highly visible 27,192-square-foot property situated on a 5.6-acre site that formerly operated as a car dealership.
- Prime frontage along Interstate 90 and excellent exposure to over 116,000 vehicles per day along Route 2 and Babbitt Road.
- Up to 7% broker incentives. All Brokers encouraged to reach out & schedule a tour. Looking for broker representation for our profile of properties.
- Zoned U4 for Retail and Services, suitable for a wide range of retail, automotive, showroom, or office users.
- Situated across from the new 600,000-square-foot Amazon Distribution Center, Lincoln Electric, and the gateway to Euclid Industrial Market.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 27,192 SF | 1-10 Years | $9.00 /SF/YR $0.75 /SF/MO $244,728 /YR $20,394 /MO | Triple Net (NNN) |
1st Floor
5.6-acre/27,192-square-foot highway-visible former car dealership available for lease. The site sits across from the new 600,000-square-foot Amazon distribution center, Lincoln Electric, and is the gateway to the Euclid industrial market.
- Lease rate does not include utilities, property expenses or building services
- Under new ownership Winter 2024
- Zoned: U4 Retail and Services
- Approximately 800’ frontage along Babbitt Road
- Approximately 530’ frontage along Lakeland Avenue
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 940 Babbitt Rd , Euclid, OH 44123
| Property Type | Retail | Gross Leasable Area | 27,192 SF |
| Property Subtype | Auto Dealership | Year Built | 1994 |
| Property Type | Retail |
| Property Subtype | Auto Dealership |
| Gross Leasable Area | 27,192 SF |
| Year Built | 1994 |
About the Property
Prominently located along Interstate 90, 940 Babbitt Road is a 27,192-square-foot property on 5.6 acres boasting prime frontage and accessibility in the booming Euclid Industrial Market. This well-positioned building comprises concrete block construction with steel studs and glass split-face block curtain walls in the showroom and general office, and features a 10- to 12-foot ceiling height. The property is suitable for various businesses, from retail to office or office/medical. Additional land is available build-to-suit with separate road access. Formerly operating as a car dealership, all equipment is in place and is turnkey for new dealership tenants. This can be divided into 4,000- to 5,000-square-foot spaces and comprises a front retail space and a mechanic or body shop in the back with lifts and loading doors, ramps, and roll-up bay doors. Ample parking is present on site with over 100 car parking spaces. Billboard advertising opportunities are also available with prime visibility along Interstate 90. 940 Babbitt Road is in good company with a brand-new, 600,000-square-foot Amazon Distribution Center across the street, along with the Bluestone Business Center Industrial Park just down the road. The property benefits from a densely populated submarket of 77,969 people within a 3-mile radius, a daytime population of 73,700 people, and superior highway convenience. Interstate 90 runs alongside the property, granting it superior connectivity and visibility to enhance its efficacy for a wide range of uses. Interstate 271 and Lakeland Freeway are within minutes, providing seamless connections to Cleveland, Akron, Erie, and beyond. Euclid is located about 15 minutes northeast of Cleveland. The city prides itself on its classic hometown feel and offers a broad selection of shopping, dining, and service options. Nestled along the shores of Lake Erie, Euclid is home to several gorgeous parks and small beaches. Its proximity to Cleveland provides residents and visitors alike with easy access to the city’s biggest attractions. With incredible accessibility, the well-maintained 940 Babbitt Road is primed to offer an ideal commercial space opportunity.
DEMOGRAPHICS
Demographics
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Paradise Island Saloon | Pub Food | $$ | 5 min walk |
| Mama Catena Ristorante | Pizza | $$ | 10 min walk |
| Carmella's Pizza Bazaar | Pizza | $$ | 14 min walk |
| Marta's Restaurant & Bar | American | $$ | 14 min walk |
| Guys Pizza Co. | - | $ | 15 min walk |
| Panini’s Bar & Grill | American | - | 16 min walk |
| China Sea | Seafood | - | 16 min walk |
Retail |
||
|---|---|---|
| Convenient Food Mart | Convenience Market | 10 min walk |
| United States Postal Service | Business/Copy/Postal Services | 11 min walk |
| Ymca | Fitness | 12 min walk |
| Amazon | Other Retail | 15 min walk |
Hotels |
|
|---|---|
| FairBridge Inn |
213 rooms
7 min drive
|
| Four Points by Sheraton |
143 rooms
11 min drive
|
Presented by
Highway-Visible Former Car Dealership | 940 Babbitt Rd
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