Historical Retail Sale Listing - CVS (Goodwill Sublease)

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CVS (Goodwill Sublease)

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

N/A

13,814 SF | Retail

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Retail Property - Off Market

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

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

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.

Map of 1911 North Bell, Austin (Cedar Park), TX 78613 (Williamson County)

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

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Created 2/26/2008