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Walgreens Pharmacy

$2,573,000

1223 Cleveland Ave NW, Canton, OH 44703

Active
Last Updated: 01/21/2026

9.3

Cap Rate

239,252

NOI

Details:
Cap Rate:    9.3%
NOI:    $239,252
Building Size:    13,905 sqft
Lot Area:    2.75 acres
Class:    C
Units:    1
Year Built:    1997
Floors:    1
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
Description:

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The Canton metro is located roughly 60 miles south of Cleveland and 25 miles south of Akron, encompassing Carroll and Niagara counties. Approximately 403,500 people live in the metro and the population is growing. More than 5,000 new residents will call the area home during the next five years. Canton and Massillon are the most populous cities with 72,300 and 32,439 residents, respectively.

The metro is situated at the crossroads of Eastern and Midwestern markets. Interstate 77 and a network of state highways pass through Stark County.

The Pro Football Hall of Fame, the McKinley National Memorial and the William McKinley Presidential Library and Museum attract visitors to the region.

A median home price, which is almost half of the national median, contributes to more affordable living expenses.

The area’s economy is driven by a large industrial base as well as healthcare and agricultural activities. TimkenSteel Corp., Timken Co., Belden Brick Co., Diebold Nixdorf, Medline Industries, Shearer’s Foods and Heinz Frozen Food Co. are located in the region.
Many of the area’s largest employers are healthcare providers and educational institutions, including Aultman Hospital, Mercy Medical Center and Stark State College. The metro receives economic benefits from nearby oil shale production. The region sits above the
Utica, Devonian and Marcellus shale formations. It is home to the Campbell Oil Co. headquarters.

Map:
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