Marcus & Millichap, on behalf of ownership, is pleased to present The
Shops at Church Square in Cleveland, Ohio. The subject property is a 109,304-squarefoot
community shopping center that is situated on 8.29 acres and currently 93.5 percent occupied.
Simon’s Supermarket and Family Dollar anchor the center, combining for over 35 percent of the
occupied leasable area, and contributing nearly 25 percent of the gross rental income. The center
features attractive all-brick construction and enhanced architecture, with a mix of national, regional,
and local service and goods oriented retailers. Some of the more well-known tenants include Pizza
Hut, Jackson Hewitt, Rent-A-Center, Subway, Boost Mobile, and US Bank. Approximately 92 percent of
currently occupied space is leased into 2021, providing excellent stability with minimal lease rollover
in the near to mid-term. The center benefits from minimal competition, as it is the only multi-tenant
retail shopping center over 15,000-square-feet in size within a one and one-half mile radius.
The Shops at Church Square sits just two and one-half miles east of Downtown Cleveland, between
Chester Avenue and Euclid Avenue in an area known as Midtown. The shopping center is oriented
towards the signalized intersection of Euclid Avenue and East 79th Street, with combined traffic counts
of 54,829 cars per day on all three streets surrounding the property. Cleveland Clinic’s sprawling
Main Campus is less than one-half mile to the east, with 44 buildings situated on over 167 acres, and
1,400 inpatient beds. University Circle is also less than one mile east of the subject property and is
home to Case Western Reserve University, University Hospitals Cleveland Medical Center, Severance
Hall (Cleveland Orchestra), Cleveland Museum of Art, Cleveland Museum of Natural History, Louis
Stokes Veterans Affairs Hospital, Cleveland Institute of Art, Museum of Contemporary Art, Cleveland
Institute of Music, Cleveland Botanical Garden, Lake View Cemetery, and Little Italy. Between the
hospitals, higher education, and arts, University Circle is a major destination for Northeast Ohio
residents and out-of-town tourists alike. There are extremely dense infill demographics in the
surrounding area, with 14,708 residents within one mile, 127,635 residents in three miles, and 294,918
residents within five miles. The Cleveland metropolitan area is the largest in Ohio, with a population
of over 2 million.