5455 Ridge Rd
Parma, OH 44129
Big Opp.! Dark Rite Aid 8.5+ Yrs| 10.25% CAP · Retail Property For Sale

• Freestanding, Single-Tenant Absolute NNN Location with 8.5+ Years of Term Remaining: Corporately Guaranteed by Rite Aid (Dark Location) • Highly Attractive 10.25% CAP with Rent of $400,400 Through July, 2027 • Strategically Positioned at Signalized Hard Corner Intersection with Two of the Cleveland MSA’s Most Traveled Roadways, Ridge Road and Pearl Road: 87,000 VPD Surround the Property and 0.5 Miles to I-480 with 149,000 VPD • High Density Market: Largest Suburb of Cleveland and 7th Largest City in Ohio with Over 300,000 People Within a 5-Mile Radius and Over $60,000 Average Household Income • 3 Points of Ingress and Egress with Highly Visible, Prominent Signage Along Both Main Roadways • Newer (2007 Construction) High-Quality Build with Drive-Thru on 1.56 Acre Site with No Management Responsibilities • Excellent Exposure with Elevated Position and Modern Design in High Barrier to Entry Market • Immediate Area Employment Base: 1 Mile to VA Outpatient Clinic, 2 Miles from University Hospital’s Parma Medical Center (2,000 Employees, Including 500+ Physicians), KeyBank Headquarter Location (2,400 Employees) and The Cleveland Plain Dealer (700+ Employees) • Heavily Concentrated Business/Retail Corridor: Boasts Lowe’s, Ashley Homestore, Marc’s Grocery, Michael’s, Five Below, Bed, Bath & Beyond, AMC Movie Theatre, TJ Maxx, Michael’s, Best Buy, Arhaus The Loft, Value City Furniture, The BA Sweetie Candy Company Walmart Supercenter, Dick’s Sporting Goods, Panera Bread, Ulta Beauty and Various Other Complimentary Retailers • Desirable Suburban Community with Short Commute (8 Miles) to Downtown Cleveland