This Retail Property is Off-Market.

1911 North Bell
Austin (Cedar Park), TX 78613 ·

13,814 SF · Retail For Sale

N/A

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CVS (Goodwill Sublease)

Price N/A Commission Split 1.5%
Building Size 13,814 SF Cap Rate 8%
Property Type Retail Tenancy Single
Property Sub-type Free Standing Bldg Year Built 2004
Property Use Type Net Lease Investment with 10+ years left on lease Lot Size 1.98 AC
Listing ID: 15582790 Date Created: 02/26/2008 Last Updated: 09/10/2013

Description

Freestanding building located in fast growing Cedar Park (Austin Metro), Texas, completed in 2004 with over 10 years left on the initial lease to CVS Pharmacy, Inc., with (4) five-year options. The property was subleased to Goodwill Industries of Central Texas under a ten year lease commencing 3/06, with options to be coterminous with the CVS lease.

Cedar Park (Austin Metro), Texas, Prime hard corner location along U.S. 183 (Bell Blvd) with traffic counts +30,000 N/S. Located in the path of growth with major new retail and residential developments nearby and a new hospital and a new event center completed in the last few years. Population count is over 118,000 in 5 mile radius and has grown over 1000% in the last 22 years. Cedar Park boasts a very low 4.7% unemployment rate and strong housing and employment growth.

Highlights

  • NNN lease in Tax Free State
  • New Public Improvements Create A Prime Corner Location
  • Stable Income Stream with 10 + years Remaining on the Intitial Term
  • Excellent 1031 Property
  • One of Highest Areas of Population Growth in the U.S. +1000% over 22 years

Research

1911 North Bell, Austin (Cedar Park), TX 78613

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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