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33459 Vine St 23,976 SF of Retail Space Available in Eastlake, OH 44095
HIGHLIGHTS
- 33459 Vine Street offers a single-story, 23,976-square-foot retail property boasting an open floor plan and abundant on-site surface parking.
- Situated on a highly visible commercial corridor, shadow-anchored by Walmart Supercenter with exposure to over 17,000 vehicles per day.
- Property features a welcoming storefront, building signage opportunities, high ceiling heights, and rear loading with one loading dock.
- Primed to serve the surrounding population of over 120,600 residents within a 5-mile radius with an average household income of $56,792 annually.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 23,976 SF | Negotiable | $15.36 CAD/SF/YR $1.28 CAD/SF/MO $368,154 CAD/YR $30,680 CAD/MO | Triple Net (NNN) |
1st Floor
Located across the street from a Walmart.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Space is an outparcel at this property
- Taxes $0.83/SF
- Insurance $0.58/SF
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.
MATTERPORT 3D TOUR
33459 Vine Street Matterport
PROPERTY FACTS
| Total Space Available | 23,976 SF | Gross Leasable Area | 23,976 SF |
| Property Type | Retail | Year Built | 1998 |
| Property Subtype | Freestanding |
| Total Space Available | 23,976 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 23,976 SF |
| Year Built | 1998 |
ABOUT THE PROPERTY
33459 Vine Street is a 23,976-square-foot freestanding retail building in Eastlake, Ohio, prominently located across from Walmart Supercenter. This spacious, single-story property is zoned R-BUS, ready to accommodate a wide variety of retailers. Situated on approximately 0.57 acres of land, the property provides ample on-site surface parking and two points of ingress/egress for easy accessibility. Vine Street runs along the retail site and is one of the city's main thoroughfares, allowing for easy travel in and out of town and convenience to all Eastlake has to offer. Within a 5-mile radius of the property is a population of over 120,600 people with a projected annual growth each year and an average household income of $56,792 per year, all contributing to the area's strong labor pool, thriving consumer base, and growing community. Eastlake-Willowick, a neighborhood off the shores of Lake Erie, is situated mainly between the Great Lake and Euclid Avenue, about 20 miles away from Cleveland. Beaches and scenic waterfront parks like Euclid Beach Park and Wildwood Park make up the outdoor recreation opportunities in the neighborhood. Eastlake-Willowick is a primarily residential area where stores and casual restaurants abound. Set up shop in Eastlake's bustling commercial district with the highly efficient retail space at 33459 Vine Street and discover the immense advantages of this vibrant locale.
- Air Conditioning
MARKETING BROCHURE
DEMOGRAPHICS
Demographics
ABOUT NORTHEAST
Richmond Heights is an upper middle class suburb located in Northeast Cleveland, just west of Interstate 271. Bordering Highland Heights and Mayfield Heights to the east and South Euclid and East Cleveland to the west, Richmond Heights is home to the Cuyahoga County Airport. With moderate household density and healthy incomes, the area boasts strong buying power.
Richmond Heights features easy access to major employment centers and close proximity to one of Cleveland’s top employers – Progressive Insurance. Headquartered in neighboring Mayfield Village, Progressive is one of the nation’s largest providers of car insurance, and employs over 10,000 in Northeast Ohio. Several other high-paying employers operate in close proximity to Richmond Heights, including a large presence of research-based employment linked to the area’s strong university presence. Campuses for Case Western Reserve University, Notre Dame College, and John Carroll University are all a short distance away, while the University Hospitals and Cleveland Clinic’s main campuses are also proximate to Richmond Heights. These university and medical centers act as tremendous economic drivers and support residential and consumer-based activity throughout the area.
Richmond Town Square is the area’s largest shopping center, and now, the most notable redevelopment effort. After multiple anchor closures, California-based developer DealPoint Merrill converted the former Macy’s into a CubeSmart self-storage facility and is planning a 375-unit apartment project (Belle Oaks) on the site of the former Sears. Additional phases are expected to include a range of retail and entertainment offerings designed to complement existing attractions, such as the 20-screen Regal Cinemas.
The broader area is home to a large number of neighborhood and community centers, many of them located further northeast in Mentor. Great Lakes Mall, a regional mall anchored by Dick’s, is located in Mentor, along with two relatively new Cleveland area retailers – Menard’s and Meijer’s. Retailers throughout Northeast Cleveland are attracted to the area’s favorable demographics and household incomes, supported by proximity to many desirable suburban communities.
NEARBY MAJOR RETAILERS
ABOUT THE OWNER
OTHER PROPERTIES IN THE ROSS DEVELOPMENT PORTFOLIO
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33459 Vine St
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