Freestanding For Sale
362,690 Sq Ft
For Sale | Redevelopment Opportunity | Former Department Store at Southland Shopping Center
CBRE exclusively presents the opportunity to acquire the former Sears department store in Middleburg Heights, Ohio at Southland Shopping Center located at 6950 W. 130th Street in Middleburg Heights, Cuyahoga County, Ohio.
The property consists of two parcels, a total of 18.79 acres of land. The former department store is approximately 319,949 SF on 2 levels, with 169,842 SF on first ground floor and 150,107 SF on basement level, roughly half of the basement area is utilized as office space, additionally there is a 35,792 SF free-standing former auto center with 23,421 SF on the first floor ground level and 12,371 second floor level. The property is situated as part of the 695,261-square foot power shopping center, Southland Shopping Center. Sears closed in the summer of 2017. A portion of the basement level is currently occupied by a tenant, on a short term lease.
Middleburg Heights is a densely populated community southwest of Cleveland, with a population of 82,666 within 3 miles, the average household income is $66,664 within 3 miles, and the total employees within a 3 mile radius is 52,531.
Close proximity to highway access, to I-71 and I-480, with 7 minute drive time to I-71 located between 2 exits: Bagley Road exit (2.4 miles away) or exit Pearl Road (2.5 miles away)
The subject property sits adjacent to Southland Shopping Center, which is owned by reputable national developer Brixmor. Southland has over 60 stores, featuring a strong lineup of national retailers including BJ’s Wholesale Club, Marshalls, Party City, Jo-Ann Fabrics & Crafts, Burlington Stores, Petco, Sally Beauty Supply, Tuesday Morning, Bath & Body Works and more.