Walgreens 144 E Main St 12,240 SF Retail Building Ravenna, OH 44266 $4,664,926 CAD ($381.12 CAD/SF) 7.40% Cap Rate

AiCRE Partners, as exclusive investment sales advisor to Seller, is pleased to offer the opportunity to acquire the fee simple interest in the Walgreens located at 144 E. Main Street in Ravenna, Ohio. The property is occupied by Walgreens, one of the nation’s largest and most established pharmacy-led retailers, operating thousands of locations across the United States and serving as a daily-needs anchor in communities nationwide. Walgreens benefits from strong brand recognition, essential-service demand, and a resilient business model supported by prescription drug sales, health services, and convenience retail offerings.
The property is strategically positioned along East Main Street, a primary commercial thoroughfare through Ravenna, providing strong visibility, easy access, and proximity to the city’s central business district. Its location allows it to effectively serve both local residents and commuter traffic while benefiting from nearby civic, educational, and retail uses that reinforce consistent customer traffic.
Ravenna serves as the county seat of Portage County and functions as a regional hub for government, healthcare, and education within Northeast Ohio. The area is supported by stable demographics, a diversified employment base, and convenient access to larger regional markets including Kent, Akron, and Cleveland. As an established infill location leased to a nationally recognized, creditworthy tenant, the Walgreens at 144 E. Main Street presents investors with an opportunity to acquire a durable net-leased asset backed by long-term fundamentals and essential retail demand.