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CVS | 18yrs Corp NNN | DriveThru 1950 W William Cannon Dr 13,225 SF Retail Building Austin, TX 78745 $9,639,000 ($728.85/SF) 5.35% Cap Rate
Investment Highlights
- 18 Years Remaining | National/Credit Tenant | Drive-Thru Equipped | Options To Extend
- Signalized, Hard Corner Intersection | Highly Trafficked Corridor | Near National/Credit Tenants | Large Plyon Signs
- NNN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• CVS Pharmacy Corporate guarnteed lease (S&P: BBB)
• 18 years remaining with 6 (5-year) option periods to extend
• The lease features a 10% rental increase at the beginning of each option period, increasing the NOI and creating a hedge against inflation
• 18 years remaining with 6 (5-year) option periods to extend
• The lease features a 10% rental increase at the beginning of each option period, increasing the NOI and creating a hedge against inflation
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
13,225 SF
Building Class
B
Year Built
2018
Price
$9,639,000
Price Per SF
$728.85
Cap Rate
5.35%
NOI
$515,673
Tenancy
Single
Building Height
1 Story
Amenities
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- CVS Pharmacy
- Retailer
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99,999 SF
- -
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Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| CVS Pharmacy | Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (72)
Nearby Major Retailers
Property Taxes
| Parcel Number | 897166 | Improvements Assessment | $5,160,698 |
| Land Assessment | $1,278,575 | Total Assessment | $6,439,273 |
Property Taxes
Parcel Number
897166
Land Assessment
$1,278,575
Improvements Assessment
$5,160,698
Total Assessment
$6,439,273
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CVS | 18yrs Corp NNN | DriveThru | 1950 W William Cannon Dr
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