7500 Brookpark Rd - Retail FOR SALE


Cleveland, OH 44129
$750,000 USD
301-706-4619
7500 Brookpark Rd, Cleveland, OH for Sale
$750,000 USD
Retail - FOR SALE
1/12
null | Request Cap Rate

7500 Brookpark Rd
Cleveland, OH 44129


HIGHLIGHTS

  • STARTING BID $750,000 | $297K NOI | Menard’s and Best Buy Shadow Anchored | AUCTION JUNE 23-25, 2025
  • 100% LEASED: 80,615 SF, Two-Tenant Shopping Center With Outparcel Opportunity Shadow Anchored by Menards, Arhaus, and Best Buy
  • CORPORATE GUARANTEE: 38-Year Operating History for Value City Furniture with 2024 Lease Renewal (10-Year)
  • INTERSTATE ADJACENT: Positioned Immediately South of the Ridge Rd & I-480 Interchange, with Combined Traffic Counts in Excess of 157K VPD
  • DENSE AND MATURE TRADE AREA: Services a 5-Mile Population of ±328,457 with Average Annual Household Incomes of $71,366
  • NATIONAL RETAILERS (1-Mile): Lowe’s, Walmart, Sam’s Club, Home Depot, Aldi, and Many More

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$9 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Auction - Brookridge Plaza | $297K NOI

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

612

LAND DETAILS

LAND ACRES

6.76 AC

LAND SF

294,466 SF

ZONING

-

APN/PARCEL ID

433-20-005

ASK ABOUT THIS PROPERTY

Adam SklaverCBRE, Inc.More Info
301-706-4619

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Adam SklaverCBRE, Inc.More Info
301-706-4619

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.