Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in the CVS Pharmacy located in the Austin MSA (Hutto), Texas (“The Property”). The Property consists of a 14,870-square-foot freestanding retail building on a 1.87-acre parcel of land. CVS operates under an absolute NNN lease with 14 years and 11 months of lease term remaining, offering a completely hands off investment with stable, predictable income.
The Property is strategically positioned at the signalized hard corner of Chris Kelley Blvd and Carl Stern Dr, providing high visibility and accessibility. The surrounding area is experiencing rapid development, driven by major corporate investments, large-scale residential growth, and an expanding workforce. Within a three-mile radius, the population has grown at an annual rate of 5.11% from 2020 to 2024 and is projected to continue expanding at 3.78% annually through 2029, making Hutto one of the fastest-growing areas in the Austin-Round Rock MSA. Additionally, the area boasts an affluent consumer base, with average household incomes exceeding $152,000 within five miles.