York Road Plaza 6370 York Road
Cleveland, OH 44130
For Sale
19,610 sqft
Sale Price
$3,400,000
Brochure
Map
Retail For Sale - Available Immediately
100% Occupied, 6-Unit Retail Center | 8.52% Cap Rate, $173/SF
100% Occupied — six retail suites fully occupied
Zero Rollover Through 2029 — earliest expiration is November 2029; approximately 4.1 years weighted average remaining term
Average in-place rents at $18.43 PSF — against a $18.00–$28.00 PSF NNN market range; two legacy suites totaling 50% of GLA sit below the floor
Diversified, Necessity-and-Service Tenancy — food and beverage, quickservice dining, national staffing, personal care, and professional office; no single tenant exceeds 28% of GLA
$173.38 PSF — Materially Below Replacement Cost — new retail shell construction in Northeast Ohio prices well north of $250 PSF before land, entitlements, and site work
Irreplaceable Infill Position — 103,094 residents within three miles; 22,443 VPD on York Road; 198.5 feet of frontage with 340.9 feet of depth
Positioned Between Two Dominant Retail Hubs — The Shoppes at Parma (734,199 SF) approximately one mile northeast and Southland Shopping Center (700,000+ SF) in Middleburg Heights to the southwest, bracketing the Property with more than 1.4 million SF of anchored retail
Supported by an Established Service Node — Fifth Third Bank, Dunkin’, Marco’s Pizza, Harbor Freight, Penn Station, East Coast Custard and Dollar Tree within the immediate corridor
Pride of Maintenance — recent façade, parking lot, individual unit upgrades, roof work, and site improvements; well-capitalized, actively managed asset
Strategic Regional Access — five miles to Cleveland Hopkins International Airport, nine miles to downtown Cleveland, direct access to I-71 and I-480
Get in touch
Joseph Khouri
CBRE, as exclusive advisor, is pleased to present York Road Plaza — a 100% occupied, 19,610-square-foot multi-tenant retail center on 2.452 acres in the heart of Parma Heights’ primary commercial corridor. The Property is offered at $3,400,000, or $173.38 per square foot, representing an 8.52% capitalization rate on 2027 projected net operating income.
York Road Plaza sits at the center of one of Cuyahoga County’s densest and most established retail nodes. More than 103,000 residents and 46,000 households live within three miles. The Property fronts 198.5 feet on York Road, which carries 22,443 vehicles per day, and occupies the midpoint of the Pearl Road retail spine — bracketed by the two dominant retail concentrations in southwest Cuyahoga County. The Shoppes at Parma, a 734,199-square-foot power center whose Walmart Supercenter ranks as the highest-performing Walmart within a 50-mile radius, sits approximately one mile northeast. Southland Shopping Center in Middleburg Heights, more than 700,000 square feet dual-anchored by Giant Eagle and Marc’s, anchors the corridor to the southwest. Together they represent over 1.4 million square feet of grocery- and value-anchored retail on either side of the Property.
This is a proven, fully built-out trade area with no meaningful developable land remaining — the definition of an infill location that cannot be replicated.
The current rent roll is fully leased across 6 suites, with a weighted average remaining lease term of approximately 4.1 years and no lease expiration prior to November 2029. Blended in-place base rent is $17.04 per square foot against a market range of $18.00 to $28.00 per square foot NNN. Four of the five suites already lease at or above the bottom of that range, validating the rate the location commands; the two legacy suites that do not — together exactly half the center’s GLA — establish a defined path to income growth as leases roll.
York Road Plaza sits at the center of one of Cuyahoga County’s densest and most established retail nodes. More than 103,000 residents and 46,000 households live within three miles. The Property fronts 198.5 feet on York Road, which carries 22,443 vehicles per day, and occupies the midpoint of the Pearl Road retail spine — bracketed by the two dominant retail concentrations in southwest Cuyahoga County. The Shoppes at Parma, a 734,199-square-foot power center whose Walmart Supercenter ranks as the highest-performing Walmart within a 50-mile radius, sits approximately one mile northeast. Southland Shopping Center in Middleburg Heights, more than 700,000 square feet dual-anchored by Giant Eagle and Marc’s, anchors the corridor to the southwest. Together they represent over 1.4 million square feet of grocery- and value-anchored retail on either side of the Property.
This is a proven, fully built-out trade area with no meaningful developable land remaining — the definition of an infill location that cannot be replicated.
The current rent roll is fully leased across 6 suites, with a weighted average remaining lease term of approximately 4.1 years and no lease expiration prior to November 2029. Blended in-place base rent is $17.04 per square foot against a market range of $18.00 to $28.00 per square foot NNN. Four of the five suites already lease at or above the bottom of that range, validating the rate the location commands; the two legacy suites that do not — together exactly half the center’s GLA — establish a defined path to income growth as leases roll.
Total Space Available
19,610 sqft
Sale Price
$3,400,000
Get in touch
Joseph Khouri