CBRE and Marcus & Millichap are pleased to offer the opportunity to acquire Brookridge Shopping Center, an 80,615 square foot freestanding two-tenant retail center situated on a 6.76-acre parcel located at 7500 Brookpark Road in Brooklyn, Ohio (the “Property”). The Property is 100% occupied by Value City Furniture, who has been a Tenant since 1986, and the Nightmare Cleveland, who opened in 2022.
Value City Furniture is on a triple net lease and is in its final option term, expiring May 31, 2034 at a below market $4.36/ft NNN rent. Nightmare Cleveland is a permanent haunted house tenant that signed in 2022, recently added another year to its lease, and pays a gross rent of $5.90/ft.
Brooklyn is a first-ring suburb of Cleveland, located just seven miles southwest of downtown in Cuyahoga County. The Property is located in the heart of the Brookpark Road retail trade area, with neighboring tenants including Menards, Best Buy, Walmart, Sam’s Club & located across the highway from Ridge Park Square, which features Lowes, TJ Maxx, Ross Dress for Less, Grocery Outlet, Michaels, Marcs, Starbucks and more.