Walgreens NNN Property For Sale — North Canton, OH
6701 Frank Ave NW, North Canton, OH 44720
This absolute NNN Walgreens property presents an exceptional investment opportunity in North Canton, OH. Walgreens operates under a 25-year absolute NNN lease with 11.5 years remaining, offering zero landlord responsibilities. The property boasts high visibility and prominent frontage on the signalized corner of Frank Avenue and Portage Road, benefiting from over 32,000 combined vehicles per day. Its strategic location is just minutes from Interstate 77 / Vietnam Veteran’s Memorial Hwy, which sees over 73,000 vehicles per day. The surrounding area is a dense retail trade zone with numerous national retailers, including "The Strip," an 800,000-square-foot shopping center. This prime location also benefits from a strong demographic profile, with over 110,000 people within a 5-mile radius an…
- Address: 6701 Frank Ave NW, North Canton, OH 44720
- Asking price $6.17M
- 5.25% cap rate
- NOI $324,150
- 11.5 years remaining
- NNN lease
- Year built: 2008
- Building size: 11,938 SF
- Lot size: 1.71 acres
- Guarantor: Corporate
Location
This Walgreens property is at 6701 Frank Ave NW in North Canton, Ohio.
Asset type: Retail