Freestanding CVS Pharmacy with
For Sale
Contact for pricing
Pending
235 E Cuyahoga Falls Avenue, Akron, OH 44310
Freestanding prototypical masonry CVS pharmacy built in 1999 includes a drive-through and is leased to CVS with remaining base term.
Property Size10,125 SF
Lot Size1.17 Acres
Days on Market148
Property Features for 235 E Cuyahoga Falls Avenue
General Information
Standard status
Pending
Size
10,125 SF
Lot size
1.17 Acres
Property subtype
Retail
Occupancy
100%
Site & Location
Traffic Count
11,231 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1999
Tenancy
Single
Listing Agency:
Marcus & Millichap - Cleveland
Listed By:
Scott Wiles · License #OH 2005013197
(216) 264-2000
Source:
Crexi
Added: Apr 11
Changed: Sep 4
Last Checked: Sep 2 at 5:11AM
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 Marcus & Millichap - Cleveland
Investment Insights
Based on property information with market context.
This freestanding prototypical masonry CVS Pharmacy was built-to-suit in 1999 and includes a drive-through. The property is offered for sale as an income-producing retail asset with an in-place lease that has been extended for an additional 20-year period, leaving 19.25 years of base term remaining. Under the lease terms described, the landlord is responsible for roof and structure and common area maintenance with reimbursement for non-capital items, plus a five percent administrative fee from tenant. CVS is responsible for HVAC, self-maintains insurance, and pays taxes direct.
The location is along East Cuyahoga Falls Avenue, which is reported to carry 11,231 cars per day, with combined traffic of 22,744 at the nearby intersection of North Main Street. The property is approximately 0.9 miles from the exit ramps to Ohio State Route 8, reported at 106,649 cars per day. The site is in Akron’s North Hill neighborhood, about 1.5 miles north of Downtown Akron.
The lease is described as having a full corporate guaranty from CVS Health Corporation (NYSE: CVS), with S&P “BBB” investment grade credit rating.
The location is along East Cuyahoga Falls Avenue, which is reported to carry 11,231 cars per day, with combined traffic of 22,744 at the nearby intersection of North Main Street. The property is approximately 0.9 miles from the exit ramps to Ohio State Route 8, reported at 106,649 cars per day. The site is in Akron’s North Hill neighborhood, about 1.5 miles north of Downtown Akron.
The lease is described as having a full corporate guaranty from CVS Health Corporation (NYSE: CVS), with S&P “BBB” investment grade credit rating.
Key Highlights
- 10,125 SF freestanding prototypical masonry CVS pharmacy built in 1999 on 1.17 acres, with drive‑thru
- Lease recently extended for an additional 20 years; 19.25 years of base term remaining
- Original 20‑year lease with full corporate guaranty from CVS Health Corporation (NYSE: CVS) with S&P BBB credit rating
Property Analytics
Property Profile
Current Use
Lease Details
11,231 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
642
Businesses Nearby
29k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 86%
Dining 14%
Circle K
Shops & Services
12,250 visits/mo
0.4 miles
Family Dollar
Shops & Services
7,016 visits/mo
0.4 miles
Dairy Queen
Dining
4,202 visits/mo
0.1 miles
Huntington Bank
Shops & Services
3,737 visits/mo
0.4 miles
Laundry Time
Shops & Services
2,115 visits/mo
0.3 miles
Demographics for 44310, OH
24,984
Population
11,074
Households
2.3
Avg Household Size
35
Median Age
14%
College-Educated
77%
High-School Grad
6.2 sq mi
ZIP Area
4,030
Density / Sq Mi
$38,912
Median Household Income
$32,593
Median Earnings
$925
Median Rent
$91,400
Median Home Value
Market
Vacancy Rate% for Retail in Akron, OH
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Frequently Asked Questions
What type of property is this?
Drug store - Freestanding prototypical masonry CVS pharmacy built in 1999 includes a drive-through and is leased to CVS with remaining base term.
Where is this drug store located?
The property is located at 235 E Cuyahoga Falls Avenue Akron, OH.
What are key features of this property?
This property features: 10,125 SF freestanding prototypical masonry CVS pharmacy built in 1999 on 1.17 acres, with drive‑thru; Lease recently extended for an additional 20 years; 19.25 years of base term remaining; Original 20‑year lease with full corporate guaranty from CVS Health Corporation (NYSE: CVS) with S&P BBB credit rating
