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7554-7580 Pearl Rd

21,836 SF 100% Leased Retail Building Middleburg Heights, OH 44130 £3,399,522 (£156/SF) 7.08% Net Initial Yield

INVESTMENT HIGHLIGHTS

  • Prime Location | Strong Tenant Mix | Ample Parking | Community Proximity | Easy Access | Growing Community |

EXECUTIVE SUMMARY

The shopping center at 7554 Pearl Road in Middleburg Heights, Ohio, is a conveniently located retail property that caters to both residents and visitors in the area. Situated on a busy thoroughfare, it benefits from high visibility and steady traffic flow, making it an attractive destination for businesses and shoppers alike. Its location in Middleburg Heights offers proximity to major highways, thriving residential neighborhoods, and complementary businesses, enhancing its appeal for both retailers and patrons.

ATTACHMENTS

Georgetown Square Flyer

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income £319,801 £17.77
Other Income £8,722 £0.48
Vacancy Loss - -
Effective Gross Income £328,523 £18.25
Taxes £39,359 £2.19
Operating Expenses £48,543 £2.70
Total Expenses £87,902 £4.88
Net Operating Income £240,621 £13.37

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual £319,801
Annual Per SF £17.77
Other Income
Annual £8,722
Annual Per SF £0.48
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £328,523
Annual Per SF £18.25
Taxes
Annual £39,359
Annual Per SF £2.19
Operating Expenses
Annual £48,543
Annual Per SF £2.70
Total Expenses
Annual £87,902
Annual Per SF £4.88
Net Operating Income
Annual £240,621
Annual Per SF £13.37

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
21,836 SF
Building Class
B
Year Built
1990
Price
£3,399,522
Price Per SF
£156
Net Initial Yield
7.08%
NOI
£240,621
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.19
Lot Size
2.60 AC
Zoning
GB
Parking
80 Spaces (3.66 Spaces per 1,000 SF Leased)
Frontage
66 ft on Fowles Rd

AMENITIES

  • Pylon Sign
  • Signage

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Cicero Law
  • Service type
  • 1,700 SF
  • -
  • -
  • CPAP
  • Retailer
  • 1,400 SF
  • -
  • -
  • Jets Pizza
  • Accommodation and Food Services
  • 1,850 SF
  • -
  • -
  • OneMain Financial
  • Finance and Insurance
  • 1,700 SF
  • -
  • -
  • Pet Supplies Plus
  • Retailer
  • 10,141 SF
  • -
  • -
  • Red Wing Shoes
  • Retailer
  • 1,700 SF
  • -
  • -
  • Smoke & Vape Shop
  • Retailer
  • 1,645 SF
  • -
  • -
  • Umi Sushi
  • Accommodation and Food Services
  • 1,700 SF
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Cicero Law Service type 1,700 SF - -
CPAP Retailer 1,400 SF - -
Jets Pizza Accommodation and Food Services 1,850 SF - -
OneMain Financial Finance and Insurance 1,700 SF - -
Pet Supplies Plus Retailer 10,141 SF - -
Red Wing Shoes Retailer 1,700 SF - -
Smoke & Vape Shop Retailer 1,645 SF - -
Umi Sushi Accommodation and Food Services 1,700 SF - -
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NEARBY MAJOR RETAILERS

Citizens Bank
Heinen's Middleburg Heights
Bob Evans Restaurants
IHOP
Starbucks
Five Guys
Olive Garden Italian Rstrnt
PNC Bank
Jazzercise
Perkins Restaurant and Bakery

PROPERTY TAXES

Parcel Number 373-21-005 Total Assessment £467,013 (2023)
Land Assessment £173,602 (2023) Annual Taxes £39,359 (£1.80/sf)
Improvements Assessment £293,411 (2023) Tax Year 2024

PROPERTY TAXES

Parcel Number
373-21-005
Land Assessment
£173,602 (2023)
Improvements Assessment
£293,411 (2023)
Total Assessment
£467,013 (2023)
Annual Taxes
£39,359 (£1.80/sf)
Tax Year
2024
(216) 621-1800 x1

CONTACT

  • Listing ID: 34424768

  • Date on Market: 09/01/2025

  • Last Updated:

  • Address: 7554-7580 Pearl Rd, Middleburg Heights, OH 44130

The Retail Property at 7554-7580 Pearl Rd, Middleburg Heights, OH 44130 is currently available for sale. Contact Gatto Group Inc for more information.

NEARBY LISTINGS

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7554-7580 Pearl Rd
(216) 621-1800 x 1

7554-7580 Pearl Rd

Michael Gatto

(216) 621-1800

x1

(216) 621-1800 x1

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