27495 Ranch Road 12
Dripping Springs, TX 78620
Walgreens Austin | $7.25M 14Yrs | NNN · Retail Property For Sale

Pharma Property Group has been exclusively retained by ownership to present for sale the opportunity to acquire the Walgreens property located in Dripping Springs, TX in the Grater Austin. The lease has ±14.5 years remaining before the fifty years in options to follow and operates on an absolute net lease basis with no landlord responsibilities whatsoever. This location benefits from a history of above average sales volumes and includes the sale of beer and wine. There are no other national chain standalone drugstores within a 5-mile radius and there is no competing Walgreens for twelve (12) miles. It is also located on the main intersection of the community and within 1 mile of Premier Family Physicians and Dripping Springs Pediatrics clinics. The average household income is $122,199 and the population is 8,929 in a one-mile radius. The subject property is located in the heart of Dripping Springs at the signalized southwest corner of West Highway 290 and Ranch Road 12 with combined traffic counts of over 29,000 vehicles per day. Dripping Springs is located 23 miles west of Austin, the capital city of Texas with a population of approximately 2,000,000 residents. The subject property is located on the main retail corridor of Dripping Springs. National retail tenants in the immediate area include Home Depot, Starbucks, HEB Grocery, Sonic, McDonald's and more. Just five minutes south of the subject property is the newly constructed Caliterra, a 600-acre, 585-home master-planned community.