Twinsburg Plaza
$9,697,500
10735 Ravenna Road, Twinsburg, OH 44087
8
Cap Rate
775,800
NOI
Details:
Highlights:
- Essential Daily Use Tenant Lineup
- Capital Improvement Investment
- Minimal Retailer Competition
- Dense Demographics Supporting Tenant Uses
- Stable Occupancy with Tenant Retention
Description:
Twinsburg Plaza is a 115,532 square-foot, multi-tenant neighborhood retail center situated on 13.6 acres at 10735–10755 Ravenna Road in Twinsburg, Ohio, strategically positioned within the Cleveland–Akron suburban corridor. The property is fully occupied and features a diverse mix of essential daily-use and service-oriented tenants, anchored by nationally recognized operators including Dollar General, Goodwill Industries, and Onyx Health Club 24/7, which collectively drive consistent neighborhood traffic and recurring consumer demand. The center provides 630 parking spaces (5.24 per 1,000 SF) and benefits from strong frontage and accessibility along Ravenna Road. Twinsburg Plaza generates approximately $1,140,000 in total gross revenue and $775,800 in in-place net operating income, offering stable cash flow with upside through contractual lease escalations. The asset has received over $1M in capital improvements in the past decade, including new TPO roofing systems and multiple HVAC replacements, reducing near-term capital risk. Supported by strong surrounding demographics, including an average household income exceeding $150,000 within a three-mile radius, and limited new neighborhood retail supply, Twinsburg Plaza presents a compelling opportunity to acquire a stabilized retail asset in a durable suburban trade area.
Documents:
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110i_Twinsburg_Plaza-Twinsburg__OH-OM.pdf
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Location
Gallery