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1721 Briarcliff Blvd
Austin, TX 78723
Retail Property For Sale
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,504 SF
Building Class
C
Year Built
1996
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.94 AC
Parking
30 Spaces (3.16 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
- Drive Thru
About 1721 BRIARCLIFF BLVD , AUSTIN, TX 78723
Originally built in 1996, CVS Pharmacy signed a 20-year lease with four (5) year options. There is an increase in each of the option periods of $1.00 per square foot. The next five-year option period starts January 10, 2022. As of January 2019, there are three more years remaining on the First Option. There are three more options thereafter. This is a unique opportunity to acquire a stable credit tenant with “at-market rents” in a high growth submarket of Austin. An investor should understand that the asset and submarket will see major change over the next 18 years remaining option periods.
Property Taxes
| Parcel Number | 220742 | Improvements Assessment | $2,895,095 |
| Land Assessment | $1,227,060 | Total Assessment | $4,122,155 |
Property Taxes
Parcel Number
220742
Land Assessment
$1,227,060
Improvements Assessment
$2,895,095
Total Assessment
$4,122,155
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