Net Leased Pharmacy
For Sale
Contact for pricing
Pending
45 East Ave, Tallmadge, OH 44278
Single-tenant Rite Aid includes a drive-thru pharmacy and a lease through January 2028 with renewal options.
Property Size14,564 SF
Days on Market148
Property Features for 45 East Ave
General Information
Standard status
Pending
Size
14,564 SF
Property subtype
Retail
Additional Details
Traffic Count
112,722 vehicles/day
Building Details
Year Built
2007
Tenancy
Single
Listing Agency:
The Boulder Group
Listed By:
Randy Blankstein · License #IL 471005983
(847) 562-0003
Source:
Crexi
Added: Apr 11
Changed: Aug 25
Last Checked: Sep 5 at 9:12AM
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
Property Profile
Current Use
Lease Details
112,722 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
668
Businesses Nearby
2k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Valvoline Instant Oil Change
Shops & Services
1,926 visits/mo
0.5 miles
Demographics for 44278, OH
18,671
Population
7,800
Households
2.4
Avg Household Size
46
Median Age
34%
College-Educated
94%
High-School Grad
14.6 sq mi
ZIP Area
1,279
Density / Sq Mi
$91,670
Median Household Income
$46,538
Median Earnings
$1,030
Median Rent
$225,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Giant Eagle Pharmacy — 205 West Ave, Tallmadge, OH 44278
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- PharmaCare Compounding Pharmacy — 232 West Ave, Tallmadge, OH 44278
- Seven Grains Natural Market — 92 West Ave, Tallmadge, OH 44278
- Ciara Rauckhorst — 45 East Ave, Tallmadge, OH 442782340
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
