11724 Research Blvd
Austin, TX 78759
Walgreens · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Commitment: Walgreens has a 30+ year operating history and is signing a new, 15-year abs. NNN lease with 5% rent increases.
- Sought-After Tourist Destination: Located in Austin, Texas, which attracts more than 30 million visitors each year.
- Profitable Store: Extremely well-performing store with $7.9 million in sales volume.
- Desirable Location: The property is located minutes from the Domain and Arboretum shopping centers as well as two hospitals.
- High Traffic Intersection: Busy hard corner location adjacent to US-183 (147,800+ VPD).
- Established Market: Located minutes from the tourist corridor with close proximity to the city’s top attractions.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
15,028 SF
Building Class
C
Year Built
1998
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.62 AC
Parking
75 Spaces (4.99 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Freeway Visibility
- Pylon Sign
- Drive Thru
PROPERTY TAXES
| Parcel Number | 439836 | Improvements Assessment | $2,781,090 |
| Land Assessment | $2,120,910 | Total Assessment | $4,902,000 |
