3,326 SF Former McDonald's Outparcel to Quarry Square — Lease in Parma, OH

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Property
  • Location: Parma, OH 44134

Photos

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Description

Freestanding restaurant pad opportunity in front of Aldi, Ross, Five Below, Planet Fitness, Marcs & more! • 3,326 SF / 0.36 AC former McDonalds for lease or ground lease - Potential for pad expansion, contact broker for more details • The site is an outparcel to the redeveloped Quarry Square - Co-tenants include Aldi, Ross, Five Below, Planet Fitness, Marcs and more! - Neighboring restaurants include Chipotle, Sonic, Dunkin Donuts, Taco Bell, Wendys, relocated McDonalds and more

Market Context

This retail in Parma, OH is listed for lease. Compare it against other retail listings for lease in Parma, OH — view the full market.

As of Q1 2026, the Cleveland retail market showed a 5.1% vacancy rate, average asking rents near $16.10/SF/yr, rents up 0.7% year over year, and cap rates around 8.8%. Source: Matthews Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Retail market FAQ

What is the typical cap rate for retail in Cleveland?
About 8.8% as of Q1 2026, per Matthews.
Is the Cleveland retail market tightening or softening?
Vacancy is around 5.1%, with asking rents rising year over year (Q1 2026).

Contact the listing broker

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Questions to ask the broker

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  • What is the asking rent, and is it quoted per SF per month or per year?
  • Is the rent gross, modified gross or triple net (NNN)?
  • What is the current zoning, and does it allow my intended use?
  • How many parking spaces come with the property?
  • What lease term and renewal options are offered?

Explore this market

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