6245 Wilson Mills Rd Highland Heights, OH 44143
- Retail properties
- 80,371 SF
- 5.11 lot acres
Current Use by Public Records
- Kohl's / Department Store
- SEPHORA at Kohl's / Cosmetics Store / Beauty Supply Store
Property Details for 6245 Wilson Mills Rd
- Year built
- 1995
- Lot size
- 5.11 lot acres
- Property size
- 80,371 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional Class A retail investment opportunity presents a 80,371 square foot Kohl's storefront located at 6245 Wilson Mills Rd, Highland Heights, OH 44143. The property sits on a 5.11-acre lot and boasts a strong 8.54% cap rate with a current NOI of $1,024,730. The asking price is $12,000,000 ($149.31/sq ft). Built in 1995, this single-tenant, 100% occupied property features a long-term NNN lease expiring in 2028, with four 5-year options remaining. The lease includes rent increases every five years, and the tenant is responsible for roof, HVAC, and parking lot maintenance. Taxes are paid directly by the tenant (own tax parcel). This prime location benefits from high traffic counts (39,000 cars/day), proximity to I-271, and strong demographics (140,000 people within 5 miles, average household income of $107,037 within 1 mile). The property is adjacent to Home Depot and Big Lots, and across the street from Progressive Insurance HQ. The building itself is a Class A brick construction. The tenant, Kohl's, also includes a Sephora store within this location. Moody's assigns a Baa2 credit rating to the tenant. This is a rare opportunity to acquire a stabilized, high-performing retail asset with a strong tenant and excellent location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Highland Heights
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.4542
- Latitude
- 41.5406
