Fully Leased Solon Retail
6025 Kruse Dr Solon, OH 44139
For Sale
$25,279,000
Neighborhood retail center in Solon, Ohio, 100% occupied.
Property Size145,000 SF
Price / SF$174.34
Days on Market115
Property Features for 6025 Kruse Dr
General Information
- Standard status
- Active
- Size
- 145,000 SF
- Property subtype
- Retail
Listing Agency:
ParaSell Inc
(415) 274-2702
Listed By:
Zeb Ripple · License #CalDRE #01242540
Source:
Cppcre
Added: Apr 1
Changed: Jul 10
Last Checked: Jul 23 at 4:11AM
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 ParaSell Inc
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $2.18M | $15.00 |
| − Vacancy | −$195.8k | −$1.35 |
| EGI | $1.98M | $13.65 |
| − OpEx | −$593.8k | −$4.10 |
| NOI | $1.39M | $9.56 |
145,000 SF · lease $15.00/SF/yr · vacancy 9.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$19.79M
$17.32M – $23.09M
NOI $1,385,475 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$116.18M
$101.66M – $135.54M
NOI $8,132,622 @ 7.0% cap · market cap 32.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Shopping centers
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FAQs
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 $25,279,000.
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.
