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Parma Shoppes 7402-7404 Broadview Rd 1,600 SF of Retail Space Available in Parma, OH 44134
Highlights
- 1,600 SF second-generation retail space available directly in front of Giant Eagle
- 20,661 VPD along Broadview Road
- 2.8M visits to the surrounding the Broadview Road retail node YTD
- Strong national co-tenancy including Buffalo Wild Wings GO, Jimmy John’s, Domino’s & Bank of America
- $2.23B+ in consumer spending within a 5-mile radius
- Broadview Road retail node visitation up 11% over the past three years, demonstrating growing consumer traffic
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,600 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Site Plan
Select Tenants at Parma Shoppes
- Tenant
- Description
- US Locations
- Reach
- Bank Of America
- Bank
- 6,185
- International
- Buffalo Wild Wings
- Restaurant
- 1,586
- International
- Domino’s
- Pizza
- 7,947
- International
- Jimmy John's
- Sub Sandwich
- 3,401
- International
| Tenant | Description | US Locations | Reach |
| Bank Of America | Bank | 6,185 | International |
| Buffalo Wild Wings | Restaurant | 1,586 | International |
| Domino’s | Pizza | 7,947 | International |
| Jimmy John's | Sub Sandwich | 3,401 | International |
Property Facts
| Total Space Available | 1,600 SF | Year Built | 2005 |
| Property Type | Retail | Parking Ratio | 9.5/1,000 SF |
| Gross Leasable Area | 8,000 SF |
| Total Space Available | 1,600 SF |
| Property Type | Retail |
| Gross Leasable Area | 8,000 SF |
| Year Built | 2005 |
| Parking Ratio | 9.5/1,000 SF |
About the Property
7402 Broadview Road is strategically positioned as an outparcel to Giant Eagle within an established retail corridor serving Parma, Seven Hills and the surrounding southwest Cleveland communities. The property benefits from approximately 20,661 vehicles per day along Broadview Road, excellent visibility and two points of ingress/egress, including signalized access through the Giant Eagle-anchored center. The site benefits from the consistent daily-needs traffic generated by Giant Eagle while being surrounded by dense residential neighborhoods and established commercial development, providing retailers with convenient access to a substantial customer base. The property benefits from strong national co-tenancy including Buffalo Wild Wings GO, Jimmy John’s, Domino’s and Bank of America, while nearby retailers and restaurants include Giant Eagle, Meijer, TJ Maxx, ALDI, Planet Fitness, Chipotle, Starbucks, Panera, Bonchon, Swensons and Jersey Mike’s. The surrounding trade area is supported by an average household income of $107,852 within three miles and more than $2.23 billion in consumer spending within five miles. Consumer traffic is further demonstrated by approximately 2.8 million visits to the surrounding retail node YTD, with visitation increasing 11% compared to three years ago. The broader Parma and Seven Hills trade area continues to benefit from new residential, retail and infrastructure investment. Major projects including The 7 Hills District and The Bluffs, South Pointe residential development, continued investment at the nearby Meijer, Broadview Road corridor improvements and the West Creek Greenway expansion are adding new housing, amenities and investment throughout the surrounding area. The Southwest Cleveland retail submarket encompasses approximately 25.2 million SF of retail inventory, while only 13,320 SF is currently under construction, demonstrating limited new retail supply within this established market. The submarket has also averaged approximately 106,084 SF of annual net absorption, reinforcing the Broadview Road corridor as an established retail destination within the southwest Cleveland market.
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
Nearby Major Retailers
Contact the Leasing Agent
Parma Shoppes | 7402-7404 Broadview Rd