7400 Brookpark RdCleveland, OH 44129

Property Details for 7400 Brookpark Rd

Year built

1968

Construction

TYPE NOT SPECIFIED

Lot size

9.51 AC

Property size (Sq ft)

116,729 SF

Zone code

G-B

Property type

Retail properties

Property subtype

Outlet malls

APN

433-20-004

APU

43320004

Description

Brook Ridge Plaza offers a rare opportunity to lease a remaining pad site within a thriving 101,000 square foot shopping center. Strategically located at the southwest corner of the I-480 and Ridge Road interchange in Cuyahoga County, this location benefits from exceptional visibility and accessibility. The center boasts a strong tenant mix, anchored by major retailers including Best Buy, AutoZone, Arhaus Loft, and Dollar Tree. Additional tenants include Taco Bell, Arby's, Tire Choice, and a newly opened Swenson's, ensuring consistent foot traffic and a robust customer base. The pad site is situated directly west of Taco Bell, offering immediate proximity to a high-traffic anchor tenant. With 4,500 square feet currently vacant within the larger center, this presents a unique chance to establish a presence in a well-established and successful retail environment. The area's strong daytime population, with 143,916 employees within a 5-mile radius, guarantees a substantial pool of potential customers. This property is ideal for businesses seeking high visibility and convenient access to a dense population. The site is available for lease or ground lease, offering flexibility to suit various business needs. Don't miss this opportunity to secure a prime retail location in a high-traffic area.

• CAP approach

  CAP return

  Valuation

  6%

  $30,869,320

  6.5%

  $28,494,758

  7%

  $26,459,418

• Comparable approach

  Method

  Valuation

  Relative Method

  $27,515,454

  Geo Method

  $27,515,454

• Alternative Use

  Use

  Valuation

  Residential

  $24,036,394

  Hospitality

  $22,017,208

  Educational

  $18,318,058

  Medical

  $18,948,044

  Retail

  $28,494,758

Location Insight

City

Cleveland

County

Cuyahoga

State

Ohio

Latitude

41.4199

Longitude

-81.7359

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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