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Walgreens Pharmacy 1223 Cleveland Ave NW 13,905 SF Retail Building Canton, OH 44703 $2,573,000 ($185.04/SF) 9.30% Cap Rate

Drug Stores Ohio Canton 1223 Cleveland Ave NW, Canton, OH 44703

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Investment Highlights

  • Double Net Lease | Minimal Landlord Responsibilities | Historic Occupancy Spanning 30-Years
  • Oversized Distinct 2.75 Acre Parcel With .43 Acres Of Unused Land And Situated At Multiple Traffic Lights
  • Prototype Walgreens W/ Drive-Thru And Ample Parking
  • Strong Traffic And High Visibility: Five Curb Cuts Along Three Major Roads With A Total Of 42,646 Cars Per Day
  • Corporate Guarantee | 6.2% Revenue Growth For Fiscal Year Ending 8/31/24 Reaching $147.7 Billion
  • 2.4 Miles To Aultman Hospital - Largest Employer And Largest Hospital With 1,032-Beds

Executive Summary

Double Net Lease | Minimal Landlord Responsibilities | Historic Occupancy Spanning 30-Years

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,905 SF
Building Class
B
Year Built
1997
Price
$2,573,000
Price Per SF
$185.04
Cap Rate
9.30%
NOI
$239,252
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
2.75 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

  • Signage
  • Signalized Intersection
  • Drive Thru
  • Air Conditioning

Links

1 1
1223 Cleveland Ave NW, Canton, OH - Aerial map view - Image1
1223 Cleveland Ave NW, Canton, OH - Aerial map view - Image2
Walk Score®
Very Walkable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Ymca
KeyBank
Huntington National Bank

Property Taxes

Parcel Number 10005203 Improvements Assessment $440,650
Land Assessment $105,350 Total Assessment $546,000

Property Taxes

Parcel Number
10005203
Land Assessment
$105,350
Improvements Assessment
$440,650
Total Assessment
$546,000
(248) 702-0288

Still interested?

Contact the brokers for more information about this property

Contacts

  • Listing ID: 39156579

  • Date on Market: 6/4/2025

  • Last Updated:

  • Address: 1223 Cleveland Ave NW, Canton, OH 44703

More public record information on 1223 Cleveland Ave NW, Canton, OH 44703

The Outer Canton Retail Property at 1223 Cleveland Ave NW, Canton, OH 44703 is currently available. Contact Encore Real Estate Investment Services for more information.

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Walgreens Pharmacy | 1223 Cleveland Ave NW
(248) 702-0288 x

Walgreens Pharmacy | 1223 Cleveland Ave NW

Deno Bistolarides
(248) 702-0288

Brent Hanna
(248) 762-0788

Brandon Hanna
(248) 702-0290

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