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26774 Lorain Rd
North Olmsted, OH 44070
Retail Property For Sale

Investment Highlights

  • GREAT NORTHERN MALL OUTPARCEL: Positioned along Lorain Road by Great Northern Mall — the dominant indoor shopping destination on Cleveland’s West side
  • I-480 ACCESS & AIRPORT-HOSPITALITY CLUSTER: The site sits at I-480 Exit 6, carrying 90,882 VPD through this stretch, just 6 miles from the airport
  • 10-YEAR EXTENSION | BEST-IN-CLASS GRUBE OPERATOR: Grube Inc. recently committed to a fresh 10-year extension at this location
  • MAJOR REDEVELOPMENT CATALYSTS UNDERWAY: The Sears box is being demolished for a 100,000+ SF grocery supercenter opening 2027–2028
  • CLEVELAND BROWNS DOMED STADIUM | $2.4B CATALYST: Huntington Bank Field broke ground April 30, 2026 — a 67,500-seat enclosed dome opening in 2029

Executive Summary

This is a rare chance to own the pad in front of the redevelopment story unfolding on Cleveland's west side. Great Northern Mall has anchored this corridor for nearly 50 years, and the next chapter is already funded and underway — a 100,000+ SF grocery supercenter replacing the Sears box and a mixed-use overlay bringing residential and office to the campus, mirroring the playbook that transformed Westgate and Richmond Town Square. Six miles east, the Browns broke ground on a $2.4B enclosed dome that will pull NFL, NCAA, and concert traffic off I-480 for decades — and the lease runs straight through the stadium's opening season and beyond. Buffalo Wild Wings sits at the intersection of all of it, on a 1.51-acre hard corner with frontage on Lorain Road and visibility from 90,882 vehicles per day on I-480.
The income is the easy part. Grube Inc. — the largest privately held BWW franchisee in the country, with 73+ stores and a 20-year track record of zero defaults — just signed a fresh 10-year extension, locking in absolute NNN rent through 2036 with scheduled bumps and two 5-year options behind it. Zero landlord responsibilities, institutional-grade operator, and a basis that prices in the current cash flow while handing the buyer free upside on every redevelopment dollar being spent around the asset. Passive today, materially more valuable tomorrow.

Property Facts

Sale Type
Investment NNN
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,612 SF
Building Class
C
Year Built/Renovated
2002/2021
Price
$2,620,800
Price Per SF
$467.00
Cap Rate
6.25%
NOI
$163,800
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.50 AC
Zoning
CRG
Parking
84 Spaces (14.97 Spaces per 1,000 SF Leased)
Frontage
217’ on LORAIN RD

Property Taxes

Property Taxes

Parcel Number
232-26-003
Land Assessment
$184,590
Improvements Assessment
$222,460
Total Assessment
$407,050
  • Listing ID: 40736111

  • Date on Market: 6/1/2026

  • Last Updated:

  • Address: 26774 Lorain Rd, North Olmsted, OH 44070

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