Net Leased Pharmacy
45 East Ave Tallmadge, OH 44278
For Sale
Contact for pricing
Pending
Single-tenant Rite Aid includes a drive-thru pharmacy and a lease through January 2028 with renewal options.
Property Size14,564 SF
Days on Market108
Property Features for 45 East Ave
General Information
Standard status
Pending
Size
14,564 SF
Property subtype
Retail
Listing Agency:
The Boulder Group
(847) 562-0003
Listed By:
Randy Blankstein · License #IL 471005983
Source:
Crexi
Added: Apr 11
Changed: Jul 22
Last Checked: Jul 27 at 6:09AM
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 The Boulder Group
Investment Insights
Based on property information with market context.
Exclusively marketed for sale, this single-tenant, net leased Rite Aid property is positioned along East Avenue in Tallmadge, Ohio. The Rite Aid lease runs through January 2028 and includes six 5-year renewal options, each with $1.00/SF rental escalations. Constructed in 2007, the 14,564-square-foot building is also equipped with a drive-thru pharmacy.
The property is located along East Avenue providing access toward the center of Tallmadge and benefits from stated traffic counts of more than 112,722 vehicles per day. The area includes numerous nationally recognized retailers and service tenants as neighbors, including ALDI, Giant Eagle, Save-A-Lot, Fifth Third Bank, Dunkin’, O’Reilly Auto Parts, McDonald’s, Taco Bell, Arby’s, and PNC Bank, among others. It is also described as being within proximity to Interstate 76.
This offering features a long-term operational base with a corporate pharmacy tenant and a lease structure that extends beyond the initial term through multiple renewal options.
The property is located along East Avenue providing access toward the center of Tallmadge and benefits from stated traffic counts of more than 112,722 vehicles per day. The area includes numerous nationally recognized retailers and service tenants as neighbors, including ALDI, Giant Eagle, Save-A-Lot, Fifth Third Bank, Dunkin’, O’Reilly Auto Parts, McDonald’s, Taco Bell, Arby’s, and PNC Bank, among others. It is also described as being within proximity to Interstate 76.
This offering features a long-term operational base with a corporate pharmacy tenant and a lease structure that extends beyond the initial term through multiple renewal options.
Key Highlights
- Single‑tenant, net leased Rite Aid property in the Cleveland MSA (Tallmadge, OH)
- Rite Aid lease runs through January 2028 with six 5‑year renewal options
- Each renewal option includes $1.00/SF rental escalations
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Giant Eagle Pharmacy — 205 West Ave, Tallmadge, OH 44278
- Seven Grains Natural Market — 92 West Ave, Tallmadge, OH 44278
- PharmaCare Compounding Pharmacy — 232 West Ave, Tallmadge, OH 44278
- Ciara Rauckhorst — 45 East Ave, Tallmadge, OH 442782340
- Kenneth Speidel — 232 West Ave, Tallmadge, OH 442782110
Frequently Asked Questions
What type of property is this?
Drug store - Single-tenant Rite Aid includes a drive-thru pharmacy and a lease through January 2028 with renewal options.
Where is this drug store located?
The property is located at 45 East Ave Tallmadge, OH.
What are key features of this property?
This property features: Single‑tenant, net leased Rite Aid property in the Cleveland MSA (Tallmadge, OH); Rite Aid lease runs through January 2028 with six 5‑year renewal options; Each renewal option includes $1.00/SF rental escalations
