Main Content
- Request Info
- Full Offering Memorandum
6842-6860 Pearl ROad
Agent(s): Kyle Hartung
- Price $9,772,000
- Cap Rate 6.25
- Status For Sale
- Property Type Investment Sales
About This Property
For sale to qualified investors is a brand-new, corporate-credit dominant, service-oriented strip center located in Middleburg Heights, Ohio. Featuring new construction and neighboring Aldi shadow-anchor, this two-building retail strip includes Chipotle (NYSE: CMG), Citizens Bank (NYSE: CFG), Potbelly (Nasdaq: PBPB), AT&T (TS Mobility, Inc.), SVS Vision, Inc., Health Express Urgent Care and Smoothie King. Citizens and Chipotle both include end-cap locations with newest drive-thru corporate prototypes. Opened in 2023, leases feature desired triple-net pass-through structure and have an average of 9.5 years of base term remaining, plus options. The property has multiple access points on Pearl Road (25,000+ VPD), including signalized access shared with Giant Eagle, BJ’s Wholesale Club, Marshall’s, Petco, Burlington, OfficeMax and more. The property is situated in the center of an extremely dense population base with over 84,000 people in just a 3 miles radius and corresponding incomes over $73,000. Due to the high residential density, large retail development opportunities are scare, making the intersection of Pearl Road and West 130th the core of the retail market for this nearby population.