Walgreens Ravenna Net-Leased
144 E Main St, Ravenna, OH 44266
Net-leased Walgreens in Ravenna, Ohio, with strong fundamentals.
Type:Retail
Property size:
14,820 SFPrice / SF:
$229/SF- Added:
- Feb 18, 2026
- Days on Market:
- 129
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 144 E Main St
General Information
- Standard status
- Active
- Size
- 14,820 SF
- Property subtype
- Retail
Listing office AiCRE Partners
Listing date Feb 18, 2026
Source Crexi
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 AiCRE Partners
HighLights
- Leased to Walgreens, a nationally recognized, creditworthy tenant.
- Strategically positioned on East Main Street, offering strong visibility and easy access.
- Located in Ravenna, the county seat of Portage County, serving as a regional hub.
- Benefits from essential‑service demand and a resilient business model.
- Proximity to Ravenna's central business district and nearby civic, educational, and retail uses.
- Stable demographics and a diversified employment base in the surrounding area.
Overview
The Walgreens property, situated at 144 E. Main Street in Ravenna, Ohio, is available for acquisition. This property is occupied by Walgreens, a prominent pharmacy-led retailer with a widespread presence across the United States. Functioning as a daily-needs anchor, Walgreens enjoys significant brand recognition and a resilient business model supported by prescription drug sales, health services, and convenience retail offerings. The property benefits from its strategic positioning along East Main Street, a major commercial thoroughfare in Ravenna, ensuring high visibility, accessibility, and proximity to the city's central business district. This location facilitates service to local residents and commuter traffic, enhanced by nearby civic, educational, and retail establishments that contribute to consistent customer flow. Ravenna, serving as the county seat of Portage County, acts as a regional hub for government, healthcare, and education in Northeast Ohio. The area is characterized by stable demographics, a diversified employment base, and convenient access to larger regional markets, including Kent, Akron, and Cleveland. The property size is 14820 square feet. This established infill location, leased to a nationally recognized tenant, offers investors a net-leased asset supported by long-term fundamentals and essential retail demand.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $266.8k | $18.00 |
| − Vacancy | −$8.8k | −$0.59 |
| EGI | $258.0k | $17.41 |
| − OpEx | −$64.5k | −$4.35 |
| NOI | $193.5k | $13.05 |
14,820 SF · lease $18.00/SF/yr · vacancy 3.30% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.76M
$2.42M – $3.22M
NOI $193,468 @ 7.0% cap · market cap 5.68%
Second Best
Retail
$834.8K
$730.5K – $974.0K
NOI $58,437 @ 7.0% cap · market cap 1.72%
Theoretical Best
Office A
$2.99M
$2.61M – $3.48M
NOI $208,959 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Walgreens Photo
(Bike/Boat/Book/etc) Store
Walgreens Pharmacy
Pharmacy
FedEx OnSite
Postal Service
Western Union
Bank
LibertyX Bitcoin ATM
Atm
Similar Places Nearby
- Walgreens Pharmacy — 144 E Main St, Ravenna, OH 44266
- KMI Wellness ~ Where Health Meets Happiness LLC — 128 N Prospect St, Ravenna, OH 44266
- Triangle Pharmacy — 219 w main st, ravenna, oh 44266
- James L. Coll III, RPh — Ravenna, OH 44266, United States
- Andrew R. Drnjevich, RPH — Ravenna, OH 44266
Location Insight
- Map
- Local Demand
- City
- Ravenna
- County
- Portage
- State
- Ohio
- Longitude
- -81.2409809
- Latitude
- 41.1574728
Nearby Similar for Sale
FAQs
What type of property is this?
Drug store - Net-leased Walgreens in Ravenna, Ohio, with strong fundamentals.
Where is this drug store located?
The property is located at 144 E Main St Ravenna, OH.
What is the asking price?
The asking price for this property is $3,406,000.
What are key features of this property?
This property features: Leased to Walgreens, a nationally recognized, creditworthy tenant.; Strategically positioned on East Main Street, offering strong visibility and easy access.; Located in Ravenna, the county seat of Portage County, serving as a regional hub.
