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30929739

10735 Ravenna Rd, Twinsburg, OH 44087

JM
MI 6501450066
Landmark Commercial Real Estate Services
DK
MI 6502361395
Landmark Commercial Real Estate Services
ML
MI MI 6501395927
Landmark Commercial Real Estate Services
JG
MI 6501378141
Landmark Commercial Real Estate Services
EN
MI 6501456898
Landmark Commercial Real Estate Services
Listed by Landmark Commercial Real Estate Services
$9,697,350
85 days on market
Updated 31 days ago

Twinsburg Plaza

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 115,532
Cap Rate 8%
NOI $775,788
Occupancy 100%
Tenancy Multi
Brand/Tenant Dollar General, Goodwill (+1)
Price per SqFt $84
Year Built 1965
Year Renovated 2000, 2001
Buildings 3
Stories 1
Parking Spaces 630 per 1,000 sq ft
Ground Lease No

Retail | 8.00% CAP | 115,532 SqFt

Marketing 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 $775,788 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.

Investment highlights

  • Essential Daily Use Tenant Lineup
  • Capital Improvement Investment
  • Dense Demographics Supporting Tenant Uses
  • Minimal Retailer Competition
  • Stable Occupancy with Tenant Retention

Listing Contacts

JM
MI 6501450066
Landmark Commercial Real Estate Services
DK
MI 6502361395
Landmark Commercial Real Estate Services
ML
MI MI 6501395927
Landmark Commercial Real Estate Services
JG
MI 6501378141
Landmark Commercial Real Estate Services
EN
MI 6501456898
Landmark Commercial Real Estate Services
Listed by Landmark Commercial Real Estate Services

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$775,788.00
$64,649.00/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

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