Parma Shoppes

7402 Broadview Road is strategically positioned as an outparcel to Giant Eagle within an established retail corridor serving Parma, Seven Hills and the surrounding southwest Cleveland communities. The property benefits from approximately 20,661 vehicles per day along Broadview Road, excellent visibility and two points of ingress/egress, including signalized access through the Giant Eagle-anchored center. The site benefits from the consistent daily-needs traffic generated by Giant Eagle while being surrounded by dense residential neighborhoods and established commercial development, providing retailers with convenient access to a substantial customer base. The property benefits from strong national co-tenancy including Buffalo Wild Wings GO, Jimmy John’s, Domino’s and Bank of America, while nearby retailers and restaurants include Giant Eagle, Meijer, TJ Maxx, ALDI, Planet Fitness, Chipotle, Starbucks, Panera, Bonchon, Swensons and Jersey Mike’s. The surrounding trade area is supported by an average household income of $107,852 within three miles and more than $2.23 billion in consumer spending within five miles. Consumer traffic is further demonstrated by approximately 2.8 million visits to the surrounding retail node YTD, with visitation increasing 11% compared to three years ago. The broader Parma and Seven Hills trade area continues to benefit from new residential, retail and infrastructure investment. Major projects including The 7 Hills District and The Bluffs, South Pointe residential development, continued investment at the nearby Meijer, Broadview Road corridor improvements and the West Creek Greenway expansion are adding new housing, amenities and investment throughout the surrounding area. The Southwest Cleveland retail submarket encompasses approximately 25.2 million SF of retail inventory, while only 13,320 SF is currently under construction, demonstrating limited new retail supply within this established market. The submarket has also averaged approximately 106,084 SF of annual net absorption, reinforcing the Broadview Road corridor as an established retail destination within the southwest Cleveland market.