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29310571
29310572

1223 Cleveland Ave NW, Canton, OH 44703

DB
OH BRKP.2020008390, MI 6502378067
Encore Real Estate Investment Services
BH
MI 6501393688
Encore Real Estate Investment Services
BH
MI 6501349119
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services
$2,573,000
152 days on market
Updated 44 days ago
Opportunity zone

Walgreens

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 13,905
Cap Rate 9.3%
NOI $239,252
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Term 33.8
Lease Expiration 02/28/2030
Remaining Term 3.7
Lease Options 8, 5-Year Options
Price per SqFt $185
Year Built 1997
Buildings 1
Acreage 2.750
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 05/29/1996

Dominant Walgreens Location | Rare Double-Signalized | Triangular Corner Lot With 5 Access Points

Investment highlights

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

  • Strong Traffic And High Visibility: Five Curb Cuts Along Three Major Roads With A Total Of 42,646 Cars Per Day

  • Oversized Distinct 2.75 Acre Parcel With .43 Acres Of Unused Land And Situated At Multiple Traffic Lights

  • Corporate Guarantee | 6.2% Revenue Growth For Fiscal Year Ending 8/31/24 Reaching $147.7 Billion

  • Prototype Walgreens W/ Drive-Thru And Ample Parking 2.4 Miles To Aultman Hospital - Largest Employer And Largest Hospital With 1,032-Beds

  • Located Nearby The Canton Memorial Civic Center And Canton Museum Of Art

  • Huge 1-Mile Population: Dense Infill Neighborhood With 17,766 Residents And 7,850 Households

  • 3.7M People In Cleveland/Akron/Canton MSA | 60 Miles From Cleveland | 20 Miles From Akron

  • Canton, Ohio Is Home To The Pro Football Hall Of Fame

Listing Contacts

DB
OH BRKP.2020008390, MI 6502378067
Encore Real Estate Investment Services
BH
MI 6501393688
Encore Real Estate Investment Services
BH
MI 6501349119
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$239,252.00
$19,937.67/mo

Valuation Metrics

0
DSCR
9.3%
Cap Rate
9.3%
ROI

Map

Zoning

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B3 CommercialGeneral CommercialGeneral Business
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Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Deno Bistolarides
License
BRKP.2020008390
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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