1950 W William Cannon Dr - Convenience Store FOR SALE


Austin, TX 78745- Garrison Park
$9,639,000 USD
480-221-4221
1950 W William Cannon Dr, Austin, TX for Sale
$9,639,000 USD
Convenience Store - FOR SALE
1/7
null | 5.35% Cap Rate

1950 W William Cannon Dr
Austin, TX 78745
Garrison Park


HIGHLIGHTS

  • 18 Years Remaining | National/Credit Tenant | Drive-Thru Equipped | Options To Extend
  • NNN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Signalized, Hard Corner Intersection | Highly Trafficked Corridor | Near National/Credit Tenants | Large Plyon Signs
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• 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

FOR SALE DETAILS

PRICE

$9,639,000 USD

PRICE/SF

$5,007 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS | 18yrs Corp NNN | DriveThru

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

49

LAND DETAILS

LAND ACRES

1.46 AC

LAND SF

63,598 SF

ZONING

GR-CO-NP

APN/PARCEL ID

04161803110000

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.