Net-Leased Pharmacy with 10-Year NNN
For Sale
Contact for pricing
1323 Copley Rd, Akron, OH 44320
CVS operates under a 10-year NNN lease starting March 8, 2019, with two 5-year renewal options.
Property SizeContact for details
Days on Market134
Property Features for 1323 Copley Rd
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
NAI Pleasant Valley
(330) 794-7986
Listed By:
Jim Pickard · License #OH 2008002105
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 20 at 8:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Pleasant Valley
Investment Insights
Based on property information with market context.
This property was converted from a Ritzman Pharmacy location to a CVS Pharmacy site following CVS’s acquisition of the Ritzman Pharmacy chain. The seller notes this location was among the three highest producing sites that were converted. CVS signed a 10-year NNN lease beginning March 8, 2019. The lease includes two 5-year renewal options, each with substantial rent increases. The transaction is described as having a landlord-friendly lease, and the building is reported to be in great condition.
The property is listed for sale at 1323 Copley Rd, Akron, OH 44320. The public remarks describe the building as being in an excellent retail location, supported by the site’s stated sales history. The remarks also note an Amazon distribution center being constructed just a few miles away.
Overall, the asset is positioned as a long-term net-leased pharmacy investment with a current CVS occupancy under a fixed term and renewal structure.
The property is listed for sale at 1323 Copley Rd, Akron, OH 44320. The public remarks describe the building as being in an excellent retail location, supported by the site’s stated sales history. The remarks also note an Amazon distribution center being constructed just a few miles away.
Overall, the asset is positioned as a long-term net-leased pharmacy investment with a current CVS occupancy under a fixed term and renewal structure.
Key Highlights
- CVS Pharmacy operates under a 10‑year NNN lease beginning March 8, 2019.
- Lease includes two 5‑year renewal options, each with substantial rent increases.
- Converted from a Ritzman Pharmacy location and is described as one of the three highest producing locations.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
22k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 41%
Groceries 34%
Dining 18%
Electronics 7%
Circle K
Shops & Services
8,968 visits/mo
0.0 miles
Save-A-Lot
Groceries
7,370 visits/mo
0.2 miles
Little Caesars Pizza
Dining
3,936 visits/mo
0.1 miles
Boost Mobile
Electronics
1,454 visits/mo
0.1 miles
Demographics for 44320, OH
19,083
Population
9,240
Households
2.1
Avg Household Size
42
Median Age
18%
College-Educated
91%
High-School Grad
10.0 sq mi
ZIP Area
1,908
Density / Sq Mi
$40,013
Median Household Income
$33,219
Median Earnings
$915
Median Rent
$102,600
Median Home Value
Market
Vacancy Rate% for Retail in Akron, OH
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Similar Off Market Nearby
- CVS Pharmacy — 1323 Copley Rd, Akron, OH 44320
- CVS — 1323 Copley Rd, Akron, OH 44320
- Walgreens Pharmacy — 1303 Copley Rd, Akron, OH 44320
- Kipp C. Tiger, PharmD — 1303 Copley Rd, Akron, OH 44320
- Daniel Matheny — 1323 Copley Rd, Akron, OH 443202653
Frequently Asked Questions
What type of property is this?
Drug store - CVS operates under a 10-year NNN lease starting March 8, 2019, with two 5-year renewal options.
Where is this drug store located?
The property is located at 1323 Copley Rd Akron, OH.
What are key features of this property?
This property features: CVS Pharmacy operates under a 10‑year NNN lease beginning March 8, 2019.; Lease includes two 5‑year renewal options, each with substantial rent increases.; Converted from a Ritzman Pharmacy location and is described as one of the three highest producing locations.
