6944 W 130th St., Middleburg Heights, OH, 44130
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Key Information
Highlights
Dual Grocery Anchored Center Primely Located in One of Cleveland’s Most Dense & Thriving Submarkets | Giant Eagle and Marc’s Anchored | Nearly 43% of Base Rent
- Giant Eagle has been operating at this location for nearly 20 years with Marc’s having been here for nearly 40 years
- Top 2 Traditional Grocers by Market Share in Cleveland MSA – nearly 43% of Base Rent comprised from these 2 tenants
- Giant Eagle sees nearly 1 million visits annually ranking it in the Top 20 (79th percentile) most trafficked Giant Eagle locations in OH per placer.ai
- High Sales Volume Location for Marc’s ($34.77M) – ranks in Top 3 most trafficked locations in the chain per placer.ai
- Flagship Marc’s store location with this having been the first location in the chain in opening in 1987 – 9+ Years of LeaseTerm Remaining Thru 1/2035
Immediate Value-add Opportunity at 80.7% Leased | 29,887 Sf & 17,700 Sf Endcap Box Vacancies – 12 Inline Shop Vacancies Totaling 33,995 Sf | Major Recent Developments Completed & on-going in Immediate Surrounding Area
- Southland Shopping Center offers an investor the opportunity to immediately create value via the lease-up/redevelopment of the 29,887 SF second generation endcap box vacancy (former Jo-Ann) along with the 17,700 SF second generation endcap box vacancy (former Party City).
- Additionally, Southland features 12 inline second generation small-shop vacancies totaling 33,995 SF in readily leasable condition + future pad site development opportunities
- An investor is primely positioned to capitalize on the recent developments in the immediate surrounding area which include:
- Pearl Crossings directly across the street – 2024 construction retail center anchored by Aldi, Starbucks, McAllister’s and Chipotle with pad rents eclipsing $160K annually and shop rents of $40+ PSF
- New $50M Mixed-Use Development set to begin construction in 2026 next door to Giant Eagle at the site of the former Cleveland Furniture Bank building – Medina based Pride One Construction is leading the development on the fourstory building that will feature 170 market-rate apartment units to go along with ground-floor retail with a focus on restaurant uses
- New Meijer development set to begin construction in 2026 on the site of the former Sears department store that has been recently demolished and is being primed for site delivery
Heavily Trafficked Regional Shopping Destination | Nearly 5 Million Annual Visits From Loyal Customer Base | Significant Daily Traffic Drivers | BJ’s Wholesale Club Shadowed With New Meijer Under Construction Next Door
- Southland Shopping Center ranks in the 95th percentile of the most heavily trafficked shopping center in the U.S. per Placer.ai (4.6M+ Annual Visits)
- According to Placer.ai, approximately 3.64M (79%) of those visits are from loyal customers that frequent the center 10+ times per year – with 2.38M (52%) of them frequenting 30+ times annually
- Southland features significant daily traffic drivers with the top 2 market dominant traditional grocers in Giant Eagle and Marc’s, along with Marshalls, Crunch Fitness, Petco, OfficeMax, Five Below, Dollar Tree, Third Federal, Applebee’s, Einstein’s and Biggby Coffee – these 12 tenants which are all anchors or pad sites/drive-thru’s comprise nearly 82%
Ideal “main & Main” Hard Corner Location in Dense & Thriving Cleveland Suburb | 50,000 Combined VPD Count
- Excellent Access and Visibility from Pearl Rd (±19,500 VPD), W 130th St (±20,000 VPD) and Smith Rd (±11,500 VPD)
- 9 points of ingress/egress including 3 Signalized Entrances
- Immediate Access to I-71 (±114,700 VPD) less than 2 miles away; less than 3 miles to I-480 (±131,600 VPD)
- Less than 3 miles to Cleveland Hopkins International Airport serving over 10 million passengers annually; $1.6B redevelopment project underway to be completed by 2032
- Less than 2.5 miles to the proposed new Cleveland Browns Stadium site that is nearing final approval – $3.4B development of new domed stadium and mixed-use sports entertainment district with targeted completion date in 2029
Offered Free & Clear of Existing Financing
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