6911 Ranch Road 620 N | Austin, TX 78732
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- LoopNet Team
6911 Ranch Road 620 N
Austin, TX 78732
Walgreens Austin, TX Lake Travis $5.7M 13Yrs · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- STABLE INCOME - Income guaranteed by Walgreens corporate (S&P BBB-) investment grade Fortune 500 Company with over 9,200 locations.
- AUSTIN-ROUND ROCK MSA LOCATION WITH A POPULATION OF ±2,200,000 - Located just 15 miles northwest of downtown Austin.
- EXTREMELY HIGH TRAFFIC OF OVER 93,000 VPD - Located at the corner of Ranch Rd 620 & Ranch Rd 2222 with combined traffic of 93,579 VPD.
- EARLY 10 YR EXTENSION - In 2014 Walgreens added 10 years showing commitment to the location. Lease now has ±13 years remaining.
- HIGH BARRIER TO ENTRY - Construction is limited along Hwy. 620 due to its proximity to protected wildlife corridors, parks, recreational areas, etc.
- AFFLUENT DEMOS – Affluent neighborhoods surrounding the subject property with avg. household income of $160,768 in a 5-mile radius.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
14,490 SF
Building Class
B
Year Built
2001
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
2.73 AC
Parking
102 Spaces (7.04 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 497790 | Improvements Assessment | $3,289,647 |
| Land Assessment | $2,897,490 | Total Assessment | $6,187,137 |
PROPERTY TAXES
Parcel Number
497790
Land Assessment
$2,897,490
Improvements Assessment
$3,289,647
Total Assessment
$6,187,137
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