Retail    

Vacant Building (Former Fast Food QSR)

 Middleburg Heights (Cleveland), Ohio

Asking Price

Unpriced (Contact Broker)

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Square Feet

3,700 SF

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Year Built

2003

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Avg HHI

$116K+ (1-Mi)

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Population

188K+ (5-Mi)

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • Excellent Demographics | The Property benefits from a large population of 188,237, earning an average household income of $116,312 within a 5-mile and 1-mile radius, respectively.
  • Adjacent to Cleveland Clinic in Dense Medical Corridor | The Property is adjacent to Cleveland Clinic (Middleburg Heights), the largest private employer in the city of Cleveland and the state of Ohio, with a workforce of over 55,000+. Additionally, the Property is located in a dense medical corridor occupied by dozens of national and regional medical practices and service providers, including Southwest General Hospital and Regency Hospital.
  • Major Industrial Employers in Immediate Trade Area | Within a 1-mile radius of the Property, multiple companies have operated new or existing facilities, including but not limited to FedEx Ship Center, UPS Customer Center, UPS Supply Chain Solutions, Amazon, Sherwin-Williams Robotic Lab, DHL Global Forwarding, and Mohawk Flooring. Proximity to these major employers makes this property a convenient dining option for staff members.
  • Proximity to International Airport & 12 National Brand Hotels | The Property is located less than 4 miles from Cleveland Hopkins International Airport, the largest and busiest airport in the state, with over 9.7 million passengers annually. The site is also within a half mile of 1,450 rooms that service travelers and provide built-in year-round patronage.
  • Dominant Retail Trade Area | The Property is located in a highly concentrated commercial corridor of Middleburg Heights, surrounded by several premium national retail tenants, including ALDI, Starbucks, Chipotle, Panera Bread, and many more.
  • Highly Trafficked Location, Excellent Interstate Access | The Property is located on Engle Road, a major north-south thoroughfare with three (3) points of ingress and egress. Additionally, the Property is less than a half mile from the on-ramp for Interstate 71 (± 100,215 VPD).
  • Cleveland, OH MSA | Colloquially known as Greater Cleveland, it is the third largest metro area in Ohio, spanning six counties, with a population of 2.1 million and a GDP of $138 billion.
  • Oversized Parcel | The Property is ideally positioned on 1.23 acres of land, providing substantial residual value.

Exclusively Listed By

Ronnie Givargis

Senior Vice President
  rgivargis@northmarq.com      +1 949.677.4757
CA Lic. # 01363135

Michael Yousef

Associate
  myousef@northmarq.com      +1 949.769.4123
CA Lic. # 02057549

In Association With
Jeff McKinney

OH Lic. # BRKP.2016002560

Northmarq

500 Newport Center Dr, Suite 650
Newport Beach, CA 92660


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