301 Farm To Market 685 - Drug Store FOR SALE


Hutto, TX 78634- Far Northeast
$3,891,113 USD
773-727-4285
301 Farm To Market 685, Hutto, TX for Sale
$3,891,113 USD
Drug Store - FOR SALE
1/1
null | 5.75% Cap Rate

301 Farm To Market 685
Hutto, TX 78634
Far Northeast


HIGHLIGHTS

  • Austin MSA Acquisition Opportunity
  • 8 Miles from $17 Billion Samsung Industrial Development
  • Low Rent 15-Year Absolute NNN Lease | Investment Grade Tenant
  • Massive 466-acre Mixed-Use Development across Street
  • Super High Growth Austin MSA Demographics
  • Prime Hard Corner Location with High Traffic Counts

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,891,113 USD

PRICE/SF

$267 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Pharmacy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Convenience Store, Fast Food, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.87 AC

LAND SF

81,457 SF

ZONING

-

APN/PARCEL ID

R529655

ASK ABOUT THIS PROPERTY

BJ FellerNorthmarqMore Info
773-727-4285

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BJ FellerNorthmarqMore Info
773-727-4285

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