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Walgreens 6721 S Congress Ave 13,277 SF Retail Building Austin, TX 78745 $5,572,469 ($419.71/SF) 7.25% Cap Rate

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Investment Highlights

Limited Pharmacy Competition – The trade area benefits from limited pharmacy competition, with Walgreens serving as the only major national drugstore
High Traffic Counts & Visibility – The property offers outstanding visibility and access along major transportation corridors

Austin Light Rail Expansion – Austin’s planned Orange Line extension to Congress Avenue and William Cannon Drive

Executive Summary

Broker of Record
Patrick Graham
License # 528005, 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Drug Store

Building Size

13,277 SF

Building Class

Year Built

2003

Price

$5,572,469

Price Per SF

$419.71

Cap Rate

7.25%

NOI

$404,004

Tenancy

Single

Building Height

1 Story

Building FAR

0.15

Lot Size

2.07 AC

Zoning

GR, Austin

Parking

70 Spaces (5.27 Spaces per 1,000 SF Leased)

Frontage

253’ on S Congress Ave

Pylon Sign

Signalized Intersection

Drive Thru

Property Taxes

Parcel Number	335878	Improvements Assessment	$3,282,706
Land Assessment	$1,800,056	Total Assessment	$5,082,762

Property Taxes

Parcel Number

335878

Land Assessment

$1,800,056

Improvements Assessment

$3,282,706

Total Assessment

$5,082,762

(747) 877-2564

Contact

Seri Bryant
Matthews Real Estate Investment Services

Listing ID: 40886985
Date on Market: 6/11/2026
Last Updated:
Address: 6721 S Congress Ave, Austin, TX 78745

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Walgreens | 6721 S Congress Ave

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