6130 Kruse DrSolon, OH 44139

Kruse Commons I & II presents a rare opportunity to acquire a two-building, 25,897 square foot retail center in the highly desirable Solon, Ohio market. This all-NNN property boasts a strong 6.75% cap rate and a substantial net operating income (NOI) of $482,238. Currently 78% occupied, the center is anchored by a Panera Bread on a long-term lease, providing significant stability. The property features 150 parking spaces and sits on a 3.9-acre lot. Built in 2000, the center benefits from excellent visibility and accessibility, situated near major roadways with high daily vehicle counts, including Route 91 and US-422. The property's location within Solon, a consistently ranked top community in Ohio, offers access to a high-income demographic with average household incomes exceeding $195,000 within a three-mile radius. Solon's strong economy and acclaimed school system further enhance the property's value. The center's tenant mix includes a variety of service-oriented businesses, creating a resilient and recession-resistant investment. Significant upside potential exists through the lease-up of currently vacant spaces, projected to add approximately $2.7 million or more to the property's value upon stabilization. The property's strategic location near major employers, including Swagelok and Nestle/Stouffers, and its proximity to Downtown Cleveland and Akron, further contribute to its strong investment potential. This is a first-time offering from the original owner/developer, presenting a unique opportunity to acquire a well-maintained and highly sought-after retail asset in a prime location. The asking price is $7,145,000, with a price per square foot of $275.90.