6245 Wilson Ml RdHighland Heights, OH 44143

Property Details for 6245 Wilson Ml Rd

Year built

1995

Lot size

5.11 AC

Property size (Sq ft)

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.

Location Insight

City

Highland Heights

County

Cuyahoga

State

Ohio

Latitude

41.5406

Longitude

-81.4542

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