Fully Leased Solon Retail
For Sale
$25,185,000
6025 Kruse Dr, Solon, OH 44139
Neighborhood retail center in Solon, Ohio, 100% occupied.
Property Size182,334 SF
Price / SF$173.69
Days on Market209
Property Features for 6025 Kruse Dr
General Information
Standard status
Active
Size
182,334 SF
Property subtype
Retail
Building Details
Building Size
182,334 SF
Listing Agency:
CP Partners
Listed By:
Zeb Ripple · License #CalDRE #01242540
(415) 274-2702
Source:
Cppcre
Added: Apr 1
Changed: Oct 25
Last Checked: Oct 24 at 3:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CP Partners
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Investment Insights
Based on property information with market context.
This fully leased neighborhood retail center, Uptown Solon, has undergone a substantial leasing transformation in recent years. Anchored by Tractor Supply and Ace Pickleball Club, the property features a mix of service, fitness, childcare, restaurant, and experiential tenants. These tenants collectively drive repeat daily visitation, establishing the center as a community retail destination. Approximately 145,000+ square feet has been leased, renewed, or is scheduled to commence since December 2023, representing about 80% of the center’s total GLA. Recent leasing activity includes Ace Pickleball Club, ONYX Fitness, Kids Empire, Mobility Plus, Mavis Public House, John Robert’s Spa, The Vital Stretch, and Tutu School, with future commencements including Emler Swim School and Cactus Grill. The center is now 100% occupied, demonstrating strong tenant demand for well-located service and experiential retail space within the Solon submarket. The diversified roster of tenants are necessity-based service and experiential, making them resistant to e-commerce disruption. Anchor tenancy from Tractor Supply combines with experiential concepts such as Ace Pickleball Club, ONYX Fitness, and Emler Swim School, alongside daily-needs operators including Sweet Kiddles, Kids Empire, Dogtopia, Orange Theory, and Mavis Public House. This merchandising mix drives consistent traffic throughout the day and evening, reinforcing the center’s role as a neighborhood retail destination. Uptown Solon is located in Solon, Ohio, an affluent suburb within the Cleveland metropolitan area. The city boasts median household incomes exceeding $135,000, nearly 2x the Ohio average. The property benefits from regional accessibility via US-422 and SR-91.
Key Highlights
- 100% Occupancy: Demonstrates strong tenant demand.
- Anchored by Tractor Supply and Ace Pickleball Club: Provides a strong draw.
- High‑Income Demographics: Median household incomes exceeding $135,000.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,385,475
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$27,709,500
$27.7M
Cap Rate 7%
$19,792,500
$19.8M
Cap Rate 9%
$15,394,167
$15.4M
Market Conditions
NOI Build-Up for 145,000 SF
Gross rent
$2.18M $15.00/SF
− Vacancy
−$195.8K −$1.35/SF
EGI
$1.98M $13.65/SF
− OpEx
−$593.8K −$4.10/SF
NOI
$1.39M $9.56/SF
Area
Cuyahoga County, OH
Vacancy
9.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$27,709,500
Cap Rate 7%
$19,792,500
Cap Rate 9%
$15,394,167
Alternative Uses
Best Use
Retail
$19.79M
$17.32M – $23.09M
NOI $1,385,475 @ 7.0% cap · market cap 5.50%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$116.18M
$101.66M – $135.54M
NOI $8,132,622 @ 7.0% cap · market cap 32.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,034
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44139, OH
25,331
Population
9,347
Households
2.7
Avg Household Size
44
Median Age
63%
College-Educated
95%
High-School Grad
22.9 sq mi
ZIP Area
1,106
Density / Sq Mi
$134,924
Median Household Income
$73,281
Median Earnings
$1,468
Median Rent
$373,800
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Shopping center - Neighborhood retail center in Solon, Ohio, 100% occupied.
Where is this shopping center located?
The property is located at 6025 Kruse Dr Solon, OH.
What is the asking price?
The asking price for this property is $25,185,000.
What are key features of this property?
This property features: 100% Occupancy: Demonstrates strong tenant demand.; Anchored by Tractor Supply and Ace Pickleball Club: Provides a strong draw.; High‑Income Demographics: Median household incomes exceeding $135,000.
